2024 State Reporting Updates

As federal regulations governing 1099 reporting continue to evolve, you can often expect to see corresponding changes in direct state reporting regulations. It's imperative for businesses to remain informed about state reporting updates in all states where they conduct business to avoid audits, fines and other penalties. Key areas of focus include alterations to reporting thresholds and deadlines, updates to filing methods, modifications in participation within the Combined Federal State Filing (CF/SF) program, and any new Direct State Reporting obligations. Additionally, staying current with these state-level system modernizations is essential to ensure compliance in the upcoming reporting year. This session will include a review of 1099 state reporting, key updates impacting the upcoming reporting season and best practices for a successful season.

Featured speaker:

Jesse Rooney
Regulatory General Counsel, Sovos Compliance

Jesse is part of Sovos’ Senior Regulatory Counsel. His research focuses primarily on tax information reporting. Jesse graduated with his JD from UMass School of Law, has been with Sovos for 6 years and is a member of the Massachusetts bar.

Continuing education credits available!

Continuing Education for IOFM Certification

Receive 2 CEUs toward maintaining a certification with IOFM! IOFM's premier certification programs are designed to establish standards for the industry and recognize financial operations professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the body of knowledge in their profession. Additional rules may apply, depending on your certification. See full guidelines here. 

 Continuing Professional Education for NASBA

Receive 1.5 CPEs towards a CPA license with NASBA. IOFM, A Diversified Business Communications Company, is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors (Sponsor number: 112048) State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information about our NASBA CPE Policies, visit IOFM.com/nasba-cpe.

Accessibility Information:

IOFM is committed to accessibility. Disability-related accommodation requests for the live event (such as providing live captioning) should be sent to [email protected] by close of business the day before the live webinar. A captioned recording of this webinar can be made available upon request to [email protected].

Cancellation policy:

To cancel your registration for this event, simply contact IOFM customer service at [email protected] (or call 207-842-5557) no later than 24 hours prior to the scheduled start of the event. You can choose to access the full recorded event, or, your credit may be applied toward the purchase of any IOFM product or interactive event. If for any reason you are not completely satisfied with this program, we will provide a full refund — no questions asked!

For more information:

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