1099 State Changes and Sales & Use Mid-Year Update
July 23 @ 1:00 pm – 2:00 pm EDT
CPE credit: 1 hour for CPAs
Join us and discover proven methods for more efficiently meeting your State level 1099 and Sales and Use reporting and compliance requirements. In addition, get updated on important changes in the law. With State level audits and penalties on the rise this is one of the most important topics your organization needs to address this year.
More and more states are partnering with the IRS to concentrate enforcement efforts on payments made by US organizations within individual states that are currently not being reported. This includes 1099 issues not commonly considered at the State level. Understand the basics of state reporting and explore best practices for determining your reporting requirements – including those brought about by recent changes in state information reporting laws.
In this update, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look at some of the more common problems related to state and local compliance while offering solutions and best-practices for addressing related reporting issues.
Learning objectives:
- Identify state tax rules that your organization’s staff needs to understand
- Receive updates on recent State level 1099-NEC changes
- Recognize how to determine which states have jurisdiction over a given organization’s business operations
- Compare and contrast the combined federal state filing programs benefits and shortcomings
- Recognize how to analyze particular state 1099 reporting requirements in detail
- Describe which states have sales & use reporting requirements that apply to your organization
Level:
Basic
Instructional method:
Group internet-based
NASBA field of study:
Technical
Accounting
Taxes
Program prerequisites:
None
Advance preparation:
None
Note: CPE is only available for attending the live event, on-demand viewing is not eligible.
