State and Local Reporting: 1099 and SALT Issues
Author: Steven D. Mercatante
| CPE Credit: |
2 hours for CPAs
2 hours California Tax for CTEC
2 hours Federal Tax Related for EAs and OTRPs |
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.
In this quarterly 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.
Publication Date: January 2023
Topics Covered
- State Reporting Examples - California
- New Jersey State Reporting Example
- Maryland State Reporting Example
- Washington D.C., Indiana, Massachusetts, Wisconsin 1099-NEC State Reporting Example
- State and Local Reporting Checklist
- State/City Reporting — Pennsylvania Example
- State/City Reporting — Philadelphia/LA Example
- Unclaimed Property Overview
- Sales and Use
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
- Recognize how to 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
- 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
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
