Kansas Releases Custom 1099-DA Format for Electronic Filing
Kansas re-released its K-99CSV specifications with a 1099-DA format, making it the first state to post custom 1099-DA (digital asset transactions) electronic filing specifications for
Solution: Tax Information Reporting
Maine to Adopt IRIS Format for 1099 Starting Tax Year 2026 / Filing Season 2027
Maine Revenue Services has finalized its electronic file specifications for tax year 2025 Forms 1099 and W-2G information returns. MRS expects to conform with the
Ohio Updates 1099-MISC and 1099-NEC Thresholds
The Ohio Department of Taxation has released updated electronic filing specifications for tax year 2025 covering Forms 1099-R, 1099-NEC, and 1099-MISC. All specifications follow the
New Mexico Withholding Tax Reporting: Changes Effective January 1, 2026
Effective January 1, 2026, House Bill 218 introduces four changes to New Mexico withholding tax reporting: Quarterly Reporting Expansion. All employers and payers must file
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Arkansas Releases 2025 W-2/1099 Electronic File Specifications
The Arkansas Department of Finance and Administration has released electronic file specifications for tax year 2025 W-2 and 1099 information returns. Notably, the mandatory electronic
IRS Notice 2025-62: Transitional Penalty Relief for OBBBA Tips and Overtime Reporting
The IRS released Notice 2025-62 on November 5, 2025, providing penalty relief for tax year 2025 regarding new information reporting requirements under the One, Big,
IRS Releases 2025 Instructions for Forms 1094-B, 1095-B, 1094-C, and 1095-C with Expanded Alternative Furnishing Method
The Internal Revenue Service has released the 2025 instructions for Forms 1094-B and 1095-B (health coverage reporting) and Forms 1094-C and 1095-C (applicable large employer
Tax Information Reporting
Tis the Season for Tax Triggers: How to Keep Your E-Comm Sales Tax-Compliant This Holiday Season
The holidays bring record online sales — and record tax complexity. With every click and cart, ecommerce sellers risk crossing economic-nexus thresholds and triggering new
Tax Information Reporting
Buy vs. Rebuild: Preparing for the IRS IRIS Era
As the IRS transitions information reporting from the FIRE system to the new IRIS platform, organizations relying on manual processes or home-grown, in-house systems face
Tax Information Reporting
From Collection to Compliance: Managing W-8 and W-9 Forms Efficiently
Managing W-8 and W-9 forms accurately is essential for IRS compliance, yet organizations often struggle with collection, validation, and ongoing document management. Join Jessica Zeltser,
Iowa Announces Exception for 1099-DA Filing Requirements
The IRS is set to implement Form 1099-DA beginning with the 2025 tax year, requiring brokers to report digital asset transactions including cryptocurrency sales and
IRS Issues Updates on 2025 Form 1099-R Reporting
Following the release of updated Instructions for Form 1099-R/5498 for tax year 2025, the IRS has issued two additional updates modifying reporting requirements. The updated
1099
Digital Asset Tax Policy: Key Insights from Coindesk’s Policy and Regulation Event
The crypto industry stands at a pivotal moment. With the Trump administration’s pro-innovation stance and the release of the comprehensive White House Digital Assets Report,
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IRS Releases Updated Publication 1220
The IRS has released its updated Publication 1220, which provides technical specifications for electronic filing of information returns through the Filing Information Returns Electronically (FIRE)
Michigan Adds Form 1099-DA to Required Income Record Filing Requirements
Michigan has explicitly added Form 1099-DA to its Income Record Form Remittance Guide as one of the 1099 forms required by the state. Form 1099-DA