Utah Expands 1099-K Reporting Requirements with HB 60
On March 25, 2025, Governor Spencer Cox signed Utah House Bill 60 (HB 60) into law, significantly expanding the state’s 1099-K reporting requirements. HB 60
Solution: Tax Information Reporting
IRS Updates Instructions for Form 1099-R/5498
The IRS recently updated Instructions for Form 1099-R/5498 for tax year 2025. Form 1099-R is used to report distributions of $10 or more from retirement
CHILE: B2C transactions over US$5,000 require formal identification of the buyer.
The tax authority established that as of September 1st, 2025, sales made to end consumers for amounts greater than CLP$5,186,253.15 must be identified in the
Arizona Lowers Gambling Withholding Rate to 2.5%
On May 13, 2025, Arizona Governor Katie Hobbs signed Senate Bill 1274, known as the “Tax Corrections Act of 2025,” into law. One of the
Oman: Tax Authority Advances e-Invoicing Implementation Plans
In a strategic push toward digital transformation, the Sultanate of Oman is preparing to roll out a national electronic invoicing (e-invoicing) system as part of
France: New Formats and Profiles of Invoices and Lifecycle Statuses
The French authorities have published the official standards issued by AFNOR (the French Association for Standardization) regarding the structure and format of invoice messages and
Bulgaria: SAF-T Schema and Guidelines Published
The Bulgarian National Revenue Agency (NRA) has published the official SAF-T XML schema and accompanying technical documentation in preparation for the upcoming SAF-T mandate, scheduled
Serbia Published Rulebook on E-Delivery Notes
On 8 March 2025, the Ministry of Finance of the Republic of Serbia published the Rulebook on Electronic Delivery Notes (Pravilnik o elektronskim otpremnicama) in
Latvia Proposes Postponement of Mandatory B2B e-Invoicing to 2027
The Latvian Parliament (Saeima) is currently considering a proposal to postpone the mandatory B2B e-invoicing go-live date by one year, from 1 January 2026 to
Tax Information Reporting
IRS Digital Asset (1099-DA) Reporting Roundtable: Key Insights for 2025 Compliance
Sovos recently participated in a roundtable discussion facilitated by the IRS regarding digital asset reporting requirements. This session provided valuable insights into the upcoming 2025
New York Updates NYS-45 (Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return) and Instructions
New York recently released the new and improved version of NYS-45 (Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return). The updated form must be
Tax Compliance
What will be the impacts of the Tax Reform on technology and how should your company prepare?
In this edition, the focus was on the impacts of tax reform on technology and on how companies can adapt. | Read more here.
Noticias / Blog
Main Tax Reform challenges for companies
There are many challenges of the Tax Reform for companies and they will have to adapt to a specific implementation schedule.
The IRS Updates Form 1099-MISC
The IRS recently released an updated version of Form 1099-MISC, which is used to report a multitude of payment types including rents, royalties, attorney payments,
Events
Tax Reporting & Withholding Conference
Meet the Sovos team at COST’s annual spring meeting and learn about our customer-centric approach to compliance. With solutions for indirect tax, 1099 reporting and more, our team is happy to discuss your global compliance strategy.
IRS Updates Form 1099-Q (Payments from Qualified Education Programs)
The IRS recently released an updated version of Form 1099-Q (Payments from Qualified Education Programs). This form is used to report distributions from qualified tuition
1099
First Time Filing 1099-DA? What You Need to Know (And Do) Before the Deadline
Navigating 1099-DA reporting for the first time can feel overwhelming, especially with evolving IRS guidance and tight deadlines. This webinar simplifies the essentials, from understanding
Sovos 1099-DA Reporting
Sovos Cryptocurrency Tax Compliance Crypto Tax Software for Businesses, Complete Compliance Without Gaps From tax IDs to cost basis to 1099-DAs, every step of crypto