North Carolina Releases Electronic Filing Specifications for 2023
North Carolina has released its electronic filing specifications for forms NC, NCX, W-2, W-2C, 1042-S and 1099. North Carolina generally follows the federal format for
Solution: Tax Information Reporting
Kentucky Releases Electronic Filing W-2 Specifications for Tax Year 2023
Kentucky has released “Specifications for Electronic Submission of Annual Wage and Tax Information via Electronic Media or Web for Year 2023,” which provides electronic filing
1099
APP2P Fall Conference & Expo
The largest, most comprehensive event dedicated to Accounts Payable and Procure-to-Pay brings together experienced practitioners and innovative strategists to provide an in-depth three-day learning experience.
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Why Conduct a Pilot Season for Tax Information Reporting?
Another tax information reporting season is just around the corner and now is the time to start preparing your teams handling forms such as Series
Events
Sovos Education Returns to Orlando with Statutory Accounting CPE
If you didn’t join us in D.C. or San Francisco earlier this year, you won’t want to miss one last opportunity in 2023 to take
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Spooky Season Tax Updates
Are you ready to face the chilling world of tax information reporting? Join us for a spooktacular webinar with the Sovos experts as we delve
News
Form 1042 (and 945) Returns Electronic Filing Requirement Updates
Changes announced: Click here for the most up to date Form 1042 information. We’ve previously discussed how the IRS released final electronic filing requirements for
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75th Anniversary TEI Annual Conference
Sovos is a Gold sponsor of Tax Executive Institute’s 75th Annual Conference. Engage with our team during two speaking session and and offsite event, or book 1:1 time to discuss your compliance strategy.
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SuiteWorld 2023
Did you hear that Sovos is a Gold sponsor of SuiteWorld’s 25th Anniversary event? Visit us at booth #808 during exhibit hours or book a
IRS Releases Updated Publication 1586
The IRS recently released an updated Publication 1586. The guidance on missing taxpayer identification numbers (TINs) and incorrect TINs has been updated to reflect final
IRS Releases Revised Form W-2C
This month, the IRS released the first W-2C update since 2014. Aside from Copy A, W-2C is now fillable. There were several changes to the
Maine Follows New Electronic Filing Threshold
In a recently released Maine Tax Alert, Maine Revenue Services announced that the electronic filing threshold for information returns will be lowered from 250 returns
Missouri Releases 2023 Employers Tax Guide
Missouri recently released its Employer’s Tax Guide for Tax Year 2023. This guide contains general information regarding filing and payment of withholding taxes for Missouri
Minnesota Revises Form W-4MNP
Minnesota has revised its Form W-4MNP, “Minnesota Withholding Certificate for Retirement Account, Pension, or Commercial Annuity Payments.” The form is used by payees to indicate
Pennsylvania Publishes Personal Income Tax Bulletin 2023-01
Pennsylvania has published Tax Bulletin 2023-01. This document clarifies 1099-MISC and 1099-NEC reporting and withholding instructions. The document clarifies when Forms 1099-NEC and 1099-MISC, particularly
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4 Things to Know About Transmitter Control Code (TCC) Requirements
Organizations that access IRS systems to file information returns, including Form 1099, Affordable Care Act returns and more, need to understand how technological updates could
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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.
News
Are You Ready for Your 2023 Statutory Annual Statement?
Do you work on your company’s statutory annual statement? If so, a committee of the National Association of Insurance Commissions (NAIC) you should track is