Tax Compliance
Prepare for Annual Statement Season with Sovos Education Services
As we approach annual statement season, join us at Sovos Education for one of our refresher or short courses to get up to speed on
Solution: Tax Information Reporting
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A Comprehensive Guide to 2023 IRS Reporting Updates
In the world of ever-evolving regulation changes, staying informed is crucial for businesses to achieve complete compliance in their tax information reporting processes. In 2023,
IRS Releases 2024 Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments
The IRS recently released its tax year 2024 Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments. Aside from being updated for the 2024
Vermont Releases 2023 W-2 and 1099 Specifications
Vermont recently released it’s Electronic Filing Specifications for EFW-2 and 1099 filing with the state. Except for some editorial changes, there were no changes to
Idaho Releases W-2 and 1099 E-Filing Direction
Idaho has released its electronic W-2 and 1099 filing specifications. There are no changes to the electronic specifications themselves. There are some filing direction changes.
Arkansas Releases 2023 W-2 and 1099 Electronic Reporting Specifications
Arkansas has released its electronic filing specifications for W-2 and 1099 forms submitted to the state for tax year 2023. There are no changes to
Tax Compliance
Water Cooler Wednesdays: Reminders About What’s New for Annual Filings
Join us every 2nd Wednesday at 1 ET for a brief reminder of what’s new and what’s coming as it pertains to your statutory filings.
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Navigating Tax Year 2023’s Most Impactful Regulatory Updates
Join Sovos’ Solution Principal, Wendy Walker, for an exploration into the regulatory changes that will shape tax year 2023. Discover the latest updates on state
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How Sovos Can Help with Transmitter Control Codes (TCCs)
Earlier this month, I again connected with the media outlet PYMNTS to discuss important tax information reporting updates that businesses must be mindful of going
IRS Releases Late-Season Update for Form 1099-MISC
The IRS recently released an update to Form 1099-MISC and its corresponding instructions. The most notable change is the decrease of the threshold for electronic
Virginia Releases W-2 and 1099 Electronic Filing Specifications
Virginia has released its annual revision of the document “Web Upload Guide for W-2s, W-2Cs, and 1099s.” As the title implies, the document provides directions
Delaware Releases W-2 and 1099 Filing FAQs for tax year 2023
Delaware has released its “W-2 and 1099 Form FAQs” for tax year 2023. This website provides direction on specifications and filing processes for W-2 and
South Carolina Releases Updated Forms WH-1601, WH-1605, and WH-1606
South Carolina recently released updates to several forms including the WH-1601, WH-1605, and WH-1606. WH-1601 is the SC Quarterly Withholding Tax Payment Coupon. The only
South Carolina Releases Updated Form WH-1612 for TY2023
South Carolina recently released an updated version of its Form WH-1612, the Transmittal Form for W-2s or 1099s Submitted By Paper. Several changes were made
South Carolina Releases RS-1 2023 W2 and 1099 Filing Instructions and Specifications
South Carolina recently released its RS-1, the W2 and 1099 Filing Instructions and Specifications for 2023. There are a few notable changes this year, the
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3 Important Takeaways from a 1099-K Discussion with PYMNTS
Recently, I spoke with the media outlet PYMNTS on the latest 1099-K reporting changes. Just last month, the IRS again announced a delay in enforcement
Events
AI, IRS Audit Triggers & More: 2023 Comply & Connect Takeaways
There were numerous speakers, presentations and panel discussions on key issues impacting tax, regulatory reporting and compliance at the 2023 Sovos Comply & Connect: Reporting
Events
Next Steps for the New Group Capital Calculation
A few months ago, I wrote a blog on the group capital calculation (GCC) regulation. Since then, I’ve had conversations with many individuals who were