The IRS has moved 1099 reporting deadlines up as a result of the PATH Act, and states are following suit. In the last two years, 21 states have moved deadlines up to January 31. This map offers the latest update in state reporting deadlines.
State 1099 Reporting Requirements Follow PATH of Tighter Deadlines
The IRS moved 1099 reporting deadlines up with the PATH Act, and states have followed suit. Here's what tax...
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How W-8 Best Practices Help Filers Avoid Problems with 1042-S Forms
Reporting for form 1042-S is notoriously complex, but one way to make it more efficient is to guarantee accuracy of W-8 forms. Discover best practices for the W-8 that make 1042-S filing easier.
By the Numbers: State Tax Information Reporting
In this comprehensive report with exclusive numbers and analysis, explore the changing environment for state 1099 reporting and understand the impact of changes to come from state tax administrations.
By the Numbers: 1099-MISC Nonemployee Compensation Reporting
In this number-filled report, discover graphics with exclusive data from Sovos on 1099-MISC nonemployee compensation reporting and understand where the future of the form lies.
Webinar: The State of State Reporting: Updates and Best Practices to Comply with Direct State Requirements
With 50 states that have different regulations, thresholds, and deadlines, state reporting can quickly become a large burden for any organization. This year, make sure you're prepared.
TIGTA Report Could Trigger IRS Action on 1099-K Threshold
The Treasury Inspector General for Tax Administration (TIGTA) recently released a report making some significant recommendations to the IRS to improve taxpayer compliance in the gig economy. While...
Government Shutdown, New Tax Law to Blame for Weak IRS Processing Numbers
Early IRS statistics for reporting season don't look too impressive, but the government shutdown and new tax law are more to blame than late 1099 forms are.
IRS Forms 1099-MISC vs. 1099-K: States Close Tax Reporting Gap
With the federal government unwilling to change "gig" economy tax regulations, states are making up the difference and creating challenges for companies.
Demystifying the IDC MarketScape for Sales Tax Software and VAT Automation
Who is IDC and what is an IDC MarketScape? What is the process IDC uses to evaluate sales tax software and VAT automation vendors and why now?
3 Reasons Why Financial Institutions Struggle with Use Tax Management
Use tax doesn't get the attention income tax gets in most financial institutions, but it should. Here's why mismanagement of use tax is a problem for FIs.
3 Major Challenges Insurers Face with 1099 Reporting
Insurers are not immune to the complexities of 1099 reporting. Here are three major challenges insurers face and how they can overcome them.
Government Shutdown Will Not Move IRS 1099 Reporting Deadlines
The IRS will recall employees for reporting season, so 1099 filing deadlines and and due dates for other seasonal obligations will not move despite the government shutdown.
The 5 Biggest Stories in Indirect Tax Compliance 2018
Our most popular posts and the biggest changes in tax compliance in 2018 from a 1099, e-invoicing, sales and use tax, VAT and BevAlc perspective.
Blockchain Can't Hide Cryptocurrency Revenues from the IRS
Blockchain and crypto might go together well, but they can’t escape the IRS. Although nobody outside of IRS headquarters is quite sure exactly how, one sure thing is that the IRS is coming for crypto.
7 Developments in 1099 and ACA Reporting to Look for in 2019
Tax Year 2019 could end up being even more eventful than TY2018 given some of the developments in progress around 1099 and ACA reporting. Discover more.
Success Story: Donegal Insurance Group
Faced with increasing 1099 form volume due to growth, Donegal Insurance Group turned to TIN matching capabilities in the Sovos Tax Information Reporting solution to save time and ensure accuracy.
When "Good Faith" Isn’t Good Enough to Avoid State Reporting Penalties
States aren't joking about tax reporting compliance. As one recent case demonstrates, state tax authorities are less accepting of the "good faith" defense than they might have been in the past.
7 Regulatory Changes to Be Aware of before Tax Reporting Season Arrives
The year 2018 was one of rapid and significant change for 1099 reporting and in other areas. Get caught up here on everything that's coming for TY2018.
Lack of Clarity in Cryptocurrency Regulations Hasn’t Stopped IRS Enforcement
IRS regulations for cryptocurrency 1099 reporting remain unclear, but the agency is cracking down on crypto platforms, anyway. And change is coming.
Webinar: Don't Get Spooked This Tax Season: Prepare for This Year's Top Regulatory Changes
Watch on demand as Sovos experts walk through the top regulatory changes that your organization should be prepared for and how to deal with them.
[Infographic] 4 Factors Driving Insurers to Automate and Centralize 1099 Reporting