The rush of tax season may be over, but for many tax professionals, the real challenge begins after April 15. Incorrect 1099 filings, LLC reporting confusion, payment app transactions, and changing IRS compliance rules continue to create significant risks for businesses and accounting professionals.
This webinar will provide a practical understanding of the latest 2026 developments impacting LLC and 1099 reporting, including updates related to the One Big Beautiful Bill Act (OBBBA), 1099-K payment app reporting thresholds, and mandatory IRS e-filing requirements.
Participants will learn how to properly identify reporting entities, avoid common TIN and W-9 mistakes, manage payment platform reporting issues, and implement effective compliance procedures before IRS notices and penalties arise.
The session will also explore real-world reporting challenges faced during the 2025–2026 filing season and provide actionable guidance for correcting post-deadline errors, improving documentation practices, and strengthening information return compliance workflows.
By attending this webinar, professionals will gain practical knowledge to confidently manage LLC and 1099 reporting obligations under evolving IRS regulations.
Understanding LLC reporting structures and common 1099 filing mistakes
Single-Member versus Multi-Member LLC reporting requirements
Correct use of reporting names and taxpayer identification numbers (TINs)
The “Disregarded Entity” compliance trap
1099-K reporting requirements for payment apps including:
Understanding the updated OBBBA threshold requirements
Reconciling personal versus business payment transactions
2026 IRS electronic filing mandates and IRIS portal requirements
The new “10-form” e-filing threshold requirements
Correcting post-deadline 1099 reporting errors
Penalty mitigation strategies for late or corrected filings
Backup withholding requirements and compliance obligations
The 24% backup withholding rule for missing or incorrect TINs
Common W-9 collection and vendor documentation mistakes
Recordkeeping and documentation best practices
Managing information return compliance workflows
Practical compliance updates related to the One Big Beautiful Bill Act (OBBBA)
Best practices for tax professionals, bookkeepers, and compliance teams
Reducing audit risks associated with information return reporting
Who Should Attend
CPAs and Enrolled Agents
Tax Professionals and Tax Managers
Bookkeepers and Accounting Professionals
Controllers and Finance Managers
Small Business Owners working with independent contractors
Payroll and Compliance Professionals
Advisory and Consulting Professionals
Professionals responsible for 1099 reporting and IRS compliance
Anyone seeking practical guidance on 2026 information return and LLC reporting requirements
Understanding LLC reporting structures and common 1099 filing mistakes
Single-Member versus Multi-Member LLC reporting requirements
Correct use of reporting names and taxpayer identification numbers (TINs)
The “Disregarded Entity” compliance trap
1099-K reporting requirements for payment apps including:
Understanding the updated OBBBA threshold requirements
Reconciling personal versus business payment transactions
2026 IRS electronic filing mandates and IRIS portal requirements
The new “10-form” e-filing threshold requirements
Correcting post-deadline 1099 reporting errors
Penalty mitigation strategies for late or corrected filings
Backup withholding requirements and compliance obligations
The 24% backup withholding rule for missing or incorrect TINs
Common W-9 collection and vendor documentation mistakes
Recordkeeping and documentation best practices
Managing information return compliance workflows
Practical compliance updates related to the One Big Beautiful Bill Act (OBBBA)
Best practices for tax professionals, bookkeepers, and compliance teams
Reducing audit risks associated with information return reporting
CPAs and Enrolled Agents
Tax Professionals and Tax Managers
Bookkeepers and Accounting Professionals
Controllers and Finance Managers
Small Business Owners working with independent contractors
Payroll and Compliance Professionals
Advisory and Consulting Professionals
Professionals responsible for 1099 reporting and IRS compliance
Anyone seeking practical guidance on 2026 information return and LLC reporting requirements
LIVE means you can attend the class in real time on the scheduled date and time.
The link to join the class will be shared with you 30 minutes to 1 hour before the class begins.
On-Demand means you can watch the recorded class at your convenience.
The link to access the class will be shared 48 hours after the commencement date of the live class.
You can let us know your preferred date to receive the link.
Note: Once the link is shared, you can access the class for three (3) days.
Web Download allows you to download the class recording for offline viewing.
The download link will be shared with you within 48 working hours after the commencement of the class.
An e-Transcript is a written text version of the entire class session.
It is useful for note-taking, revision, and quick reference.
The e-Transcript download link will be shared within 48 working hours after the commencement of the class.
This option includes: