1099 MISC and NEC Reporting Updates Workshop

Covering Essential Changes for Tax Year 2026

Prepare for the 2026 reporting season with our practical, expert-led training.

This live 90-minute workshop will help accounts payable, finance and tax professionals understand the latest federal and state 1099 reporting requirements, including the mandatory transition from FIRE to IRIS and the impact on state filing responsibilities.

What You Will Learn

FIRE to IRIS

• What the retirement of FIRE means for accounts payable

• Preparing for the mandatory move to the IRS IRIS Intake System

• How the Combined Federal/State Filing Program operates through IRIS

• Identifying participating states and forms

• Understanding where separate state filing is still required

• Managing different state requirements, formats, portals and deadlines

• Reviewing internal ownership, systems and workflows before filing season

Tax Year 2026 Updates

• Updated thresholds for Forms 1099-MISC and 1099-NEC

• Broker payment reporting requirements

• E-filing requirements, deadlines and penalties

• Key implications for year-end processing

W-9s and Reportable Payments

• Understanding business entity classifications

• Determining which vendors and payments are reportable

• Form 1099-NEC payment categories

• Form 1099-MISC boxes, exceptions and common errors

• Common accounts payable misclassification scenarios, including non-exempt corporations, legal settlements and medical payments

Best Practices for Stronger Accounts Payable Compliance

• Improving vendor onboarding and W-9 governance

• Strengthening vendor master data controls

• Tracking regulatory changes throughout the year

• Creating clear reporting workflows and responsibilities

• Applying practical best practices to improve accuracy, reduce risk and prepare for year-end reporting

Who Should Attend?

This workshop is designed for accounts payable, finance and tax professionals who want to strengthen their understanding of 1099 reporting requirements and prepare effectively for the upcoming reporting season.

Your Trainer

The workshop will be delivered by Rosemarie Smith, IFOL’s 1099 subject-matter expert and course tutor. The interactive format includes live questions and practical guidance.