Course Description:

Join us and discover proven methods for more efficiently meeting your State level 1099 reporting and sales and use requirements as well as get updated on important changes in the law. This is one of the most important topics your organization needs to address. 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. 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.

Why It Matters?

• States are aggressively enforcing tax compliance, especially with remote work and digital transactions.

• 1099 reporting errors can lead to costly IRS and state penalties.

• SALT complexities vary widely by state, requiring up-to-date knowledge.

This course covers the following Major Topics:

• Changes to IRS and state 1099 filing requirements (e.g., 1099-NEC, 1099-K thresholds).

• 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

• Common errors in 1099-MISC/1099-NEC reporting and how to avoid them.

• Which states have reporting requirements that apply to your organization

• What sales & use, and combined federal/state program compliance risks face your organization and how you should respond

• More common problems related to state and local compliance

• Solutions and best-practices for addressing related reporting issues

(Learning Objectives:

• Identify state tax rules that your organization's staff needs to understand

• 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 reporting requirements that apply to your organization

• Discover recent changes in sales and use law

• Identify what sales & use, and combined federal/state program compliance risks face your organization and how you should respond

• Identify state tax rules that your organization needs to address now

Credits and Other information:

• Recommended CPE credit – 2.0

• Recommended field of study – Taxes

• Session Prerequisites and preparation: None

• Session learning level: Basic

• Location: Virtual/Online

• Delivery method: Group Internet Based

• Attendance Requirement:  Yes

• Session Duration: 120 Min

Who Will Benefit:

• CPA

• Enrolled Agents (EAs)

• Tax Professionals

• Attorneys

• Other Tax Preparers

• Finance professionals

• Financial planners

Speaker: Jason Dinesen (EA, LPA)

Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well-known presenter of continuing education courses.

Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more.

He has presented over dozens of webinars on Form 1099 (for 10 years on this subject!); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credits, corporation and partnership taxation and other issues relating to the modern-day setting.

Jason always had a knack for speaking and news reporting. He is regularly featured as an anchor for Radio Iowa and Radio Minnesota, is a frequent Podcast Guest and hosts his own Podcast.