1099 State Withholding and Reporting Course - $29

A state-by-state guide to use the Combined Federal/State Filing Program (CF/SF) and simplify information return filing.

Access all State 1099 Requirements with direct links.

A state-by-state guide to 1099 withholding requirements.   The Combined Federal/State Filing Program (CF/SF) was established to simplify information returns filing for payers. Through CF/SF, the IRS electronically forwards information returns (original and corrected) to participating states. With this course, you will understand the state 1099 reporting requirements and have direct links to each state's guidelines.

Product Code: 1099_State_Withholding

Duration of Course Access: 12 Months (Access and review any or all sections of the course at any time for a period of 12 months.)

Streamline State and Federal Withholding using the 1220-Combined Federal and State Reporting Process.

Navigating state and federal information return filing doesn’t have to be complex. This comprehensive course is designed to help you streamline your reporting using the IRS 1220 Combined Federal/State Filing (CF/SF) Program.

Learn how to accurately file the following forms using the CF/SF process:

• • Form 1099-B, Proceeds from Broker and Barter Exchange Transactions
  • Form 1099-DIV, Dividends and Distributions
  • Form 1099-G, Certain Government Payments
  • Form 1099-INT, Interest Income
  • Form 1099-K, Payment Card and Third-Party Network Transactions
  • Form 1099-MISC, Miscellaneous Income
  • Form 1099-OID, Original Issue Discount
  • Form 1099-PATR, Taxable Distributions Received from Cooperatives
  • Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 
• • Form 5498, IRA Contribution Information

Information Reporting – State Withholding and Reporting topics covered in this course:

• • Testing to request approval to participate

    • When testing is required

    • What to do if test submission fails

    • Cautions

  • “B” Records; State Total “K” Records; “C” Record; “A” Record; “F” Record

  • Codes for participating states 

  • Splitting payments between states

  • States Not Participating in the IRS Combined Federal and State Program

  • Requirements for states non-participating in the Combined program

  • State-by-state explanations

    • What filing is required, not required, forms to use

    • The best way to file is directly with the state

    • Filing deadlines

  • A link to all state 1099 requirements

View: Instructor-Led Finance and Accounting Courses, Seminars and Workshops