Are you overwhelmed by the process of managing 1099's for your business? Whether you're a seasoned business owner or just starting out, staying compliant with 1099 filing requirements is essential. Navigating 1099s is your step-by-step guide to understanding, organizing, and filing 1099s with confidence.

In this comprehensive course, you’ll learn:

1. What 1099s Are and Who Needs Them

   • Gain clarity on what a 1099 form is and why it matters.
   • Understand who qualifies as a 1099 recipient.

2. Who Should Receive a 1099

   • Explore criteria for independent contractors and vendors to ensure compliance.

3. Information Collection and Storage

   • Discover what information you need, how to collect it, and tips for verifying TINs.

4. Choosing the Right 1099 Form

   • Learn the differences between 1099-NEC and 1099-MISC to file correctly.

5. Filing 1099s: Tools and Tutorials

   • Dive into filing options, including federal vs. state requirements, TIN matches, and tutorials for platforms like QuickBooks Online (QBO) and Track1099.

6. Payment Tracking Best Practices

   • Master effective methods for tracking payments to contractors throughout the year to simplify your filing process.

7. Avoiding Common Mistakes

   • Learn to spot and fix errors to avoid penalties, along with solutions to frequently asked questions.

8. Final Recap and Resources

   • Wrap up the course with a summary of key points and access to additional tools for deeper learning.

With easy-to-follow tutorials, real-world examples, and actionable steps, Navigating 1099s equips you with the knowledge and confidence to tackle this important business task efficiently. Join today and simplify your 1099 process!

Disclaimer: This course is designed to provide general 1099 knowledge tailored for contractors. Individual results may vary based on the implementation and business specifics. Always consult with a professional accountant for personalized financial advice.