A transmitter control code (TCC) is necessary for businesses electronically submitting information returns to the IRS. We’ve previously discussed how recent changes now require organizations
Beginning with tax year 2023, Colorado law requires employers to provide all employees with an annual notice of Earned Income Tax Credits and Child Income Tax
Through Resolution No. 000039-2023-SUNAT/700000, the authority grants a grace period for the non-application of penalties for infractions related to books and records related to tax
Bizkaia: Postponement of Batuz obligations for SMEs Approved New legislation postponing the Batuz obligation for small and medium-sized companies, micro-enterprises, self-employed workers, small-sized cooperatives or
The IRS recently announced a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations (TPSOs) for calendar year 2023. Instead, 2023
Today, the IRS announced in Notice 2023-74 that it will again delay the implementation of the $600 1099-K reporting threshold for third party settlement organizations.
Missouri has released “Missouri Employer Reporting of W-2s Instructions and Specifications Handbook.” The document provides direction on how to prepare and file electronic W-2 records
Changes announced: Click here for the most up to date Form 1042 information. With e-File now mandatory for 1042 returns, Sovos is among first to
Changes announced: Click here for the most up to date Form 1042 information. If in reading this blog you are realizing for the first time
Changes announced: Click here for the most up to date Form 1042 information. With the IRS changing the filing requirements for Form 1042 to be
During our recent “Spooky Season Tax Updates” webinar, we discussed the most important changes that will affect filers in the upcoming tax reporting season. From
Combined solutions will ensure resiliency, reduce complexity and actively manage global regulatory compliance ATLANTA, NOVEMBER 1, 2023 – Global compliance technology solutions and services provider
While the NAIC Annual Statement instructions are useful when completing your annual statement, they don’t always address every page or every row/column on an exhibit
Another tax information reporting season is approaching quickly. As businesses begin the process of filing information with the IRS, there are some important updates that
The pace of Tax Information Reporting (1099) regulatory changes is on the rise, leaving core banking and legacy systems grappling to keep pace with accurate
Banks and credit unions typically use core banking systems that house customer data and other tax information related to customer accounts. When tax information reporting
The IRS recently released the 2023 Publication 1220, which contains electronic filing specifications for forms 1099 and other information returns. There are no changes to
The IRS has released Publication 1187, “Specifications for Electronic Filing of Forms 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding.” The document provides electronic