1099
Sovos 1099, Unclaimed Property Reporting Build Efficient AP Depts
In today’s complicated world of tax compliance, it can be nearly impossible for teams to keep up with their 1099 and unclaimed property reporting obligations.
Category: 1099
1099
Tax Information Reporting: The Basics of 1099
All types of businesses are subject to reporting earnings on the 1099 form series. Tax information reporting 1099s can be a complex process, especially when
1099
5 Questions to Ask When Outsourcing 1099 Reporting
Outsourcing your 1099 reporting can be a big change for your business and there are many aspects to consider before choosing a partner to aid
1099
4 Ways to Elevate Your Direct State Reporting Process
Direct state reporting obligations have gotten increasingly difficult for some businesses over the past few years. With more states requiring direct reporting of form series
1099
Proposed W-9 Update Expands Backup Withholding Requirements
For the third year in a row, the U.S. Department of the Treasury’s annual General Explanations of the Administration’s FY2024 Revenue Proposals (Greenbook) includes a
1099
Key State Reporting Changes and Trends from Tax Year 2022
This blog was updated on November 28, 2023 Businesses of all sizes must properly determine what tax information to report, where to report it, how
1099
How Updated Technology Impacts State Tax Information Reporting
Largely fueled by necessity during the COVID-19 pandemic, Federal and state governments throughout the U.S. have updated their tax withholding and information reporting processes. With
1099
Important Verifications Beyond TIN Matching for 1099 Reporting
If you have been reporting 1099s for a while, you know that Tax Identification Number (TIN) matching is essential to ensure you don’t receive notices
1099
What Causes – and Stops – State Tax Deficits?
This blog was updated on November 28, 2023 Direct state reporting for 1099s has increased regulations over the past decade. These regulations include earlier due
1099
4 Tips to Avoid Inaccurate Direct State Reporting
Direct state reporting obligations can quickly become complicated for any business, and if done incorrectly, state penalties can add up rapidly. Direct state reporting has
1099
What is the Combined Federal State Filing (CF/SF) Program?
The IRS created the Combined Federal State Filing (CF/SF) program more than 20 years ago to help alleviate the administrative burdens on small businesses reporting
1099
Can I File 1099s with Missing or Invalid TINs?
Tax identification numbers (TINs) play an extremely important role in the 1099 reporting process. However, it is often misunderstood just how important a role valid
1099
5 Reasons Financial Institutions are Centralizing their 1099 Reporting Processes in 2023
Financial institutions are moving toward a centralized tax solution, but why? We have found five major drivers leading this change. Operational costs Core banking solutions
1099
What is a Tax Identification Number (TIN) and Why is it Important?
Having the correct Tax Identification Number (TIN) is essential when filing W-2s, 1099s and ACA forms. The nine-digit number could be a Social Security Number
1099
Treasury Department, IRS Release Final eFiling Requirements
Changes announced: Click here for the most up to date Form 1042 information. The Treasury Department and IRS released changes to the electronic filing requirements
1099
IRS Delays 1099-K Reporting Threshold Changes until 2023
Editor’s note: This blog was updated on November 27, 2023 Update: Since this content was published, the IRS released additional guidance further delaying and making changes
1099
Why Using a Payment App for Your Business May Lead to 1099s
Editor’s note: This blog was updated on December 28, 2022 Update: Since this content was published, the IRS released guidance that the implementation of the reduced
1099
How to Prepare Your 1099-K Recipients for the 2022 Reporting Season
Editor’s note: This blog was updated on November 27, 2023 Update: Since this content was published, the IRS released additional guidance further delaying and making