IPT
IPT Audits: Preparation and Best Practices
Tax authority audits can happen at any time. Join us for this webinar where our compliance experts will explain how to minimize the risk of
Region: North America
West Virginia Lowers Withholding Rate for Gambling Winnings to 4.82%
Effective January 1, 2025, West Virginia requires income tax withholding from gambling winnings at a rate of 4.82%. The same rate applies for backup withholding
IRS Releases 2025 General Instructions for Certain Information Returns
The IRS recently released the 2025 General Instructions for Certain Information Returns (Forms 1096, 1097, 1098, 1099, 3921, 3922, 5498, and W-2G). There are notable
Beverage Alcohol
A New Era for DtC Spirits Shipping: How New York’s Market is Taking Shape
In the fall of 2024, New York became the latest state to open its doors to direct-to-consumer (DtC) spirits shipping, marking a significant milestone for
Tax Compliance
Mirror Visibility: The Key to Controlling Evolving Tax Mandates
You’ll explore how businesses can navigate the evolving compliance landscape without getting trapped between disparate e-invoicing, reporting, and determination vendors.
Value Added Tax
1042-S Reporting Best Practices
Do you make payments to non-U.S. persons? Join our webinar to learn when and how to file Form 1042 and 1042-S, plus tips for preparing
Unclaimed Property
Delaware Announces 2025 VDA Invitation Dates
Mark your calendars – April 11, 2025 and August 15, 2025 are this year’s anticipated release dates for the Delaware’s Secretary of State (SOS) VDA
Value Added Tax
18th Group Indirect Tax Exchange
Join Sovos at the 18th Group Indirect Tax Exchange and gain insights from our expert on the Industry Adoption of E-Invoices and E-Reporting Challenges.
Louisiana Withholding Rate for Gambling Winnings Lowered to 3%
Effective January 1, 2025, Louisiana has repealed its graduated income tax rates under RS 47:32(A) and adopted a flat income tax rate of 3%. Although
Upcoming Colorado Firearms and Ammunition Excise Tax
In Colorado, a 6.5% excise tax on the net taxable sales of retail vendors of firearms, firearm precursor parts, and ammunition will take effect April
Nebraska Releases 2025 Circular EN (Income Tax Withholding Guide)
Nebraska recently released the 2025 Circular EN (Nebraska Income Tax Withholding on Wages, Pensions and Annuities, and Gambling Winnings Paid on or after January 1,
Illinois Updates Information Return Publication
Illinois recently updated Publication 110 (Forms W-2, W-2c, W-2G, and 1099 Filing and Storage Requirements for Employers and Payers, including 1099-K Electronic Filing Requirements). There
Hawaii Updates HW-30 (Employer’s Annual Transmittal of Hawaii Income Tax Withheld from Wages)
Hawaii recently updated Form HW-30 (Employer’s Annual Transmittal of Hawaii Income Tax Withheld from Wages) and the instructions. HW-30 is used for paper filing HW-2
Sales & Use Tax
The Tariff and Sales Tax Mishmash – Untying the Mess
Talk of tariffs dominates the current news cycle with some commentators suggesting that tariffs will spell disaster for our economy while others say the exact
Montana Announces 1099-DA (Digital Asset) Reporting Requirement
Montana recently released the 2025 Employer and Information Agent Guide. There are several significant changes. Most notably, beginning in 2026, taxpayers required to file form
Beverage Alcohol
Retailer DtC Wine Shipping: The Time Has Come
By Tom Wark, Executive Director, National Association of Wine Retailers We are often reminded by the media and those in the wine industry—as well as
1099
State Filing Alert: Montana’s New 1099-DA Requirements for Crypto Brokers
Reporting digital asset transactions on Form 1099-DA just got a little more complicated. For 2025 transactions, crypto brokers that file Form 1099-DA with the IRS
Sales & Use Tax
RegTalk 2025: Annual Review and Look Ahead
Join our experts for an insightful discussion as we explore key sales tax changes from the past six months and discuss what’s on the horizon