Tax Information Reporting
Car Loan Interest Deduction: A Guide for Auto Lenders
The Treasury and IRS have begun implementing a new car loan interest deduction that allows many individual taxpayers to deduct interest paid on qualifying vehicle
Category: Tax Information Reporting
1099
Digital Asset Tax Policy: Key Insights from Coindesk’s Policy and Regulation Event
The crypto industry stands at a pivotal moment. With the Trump administration’s pro-innovation stance and the release of the comprehensive White House Digital Assets Report,
Cryptocurrency
The Future of Crypto Tax: Building Compliance That Lasts
Let’s call it like it is. Today, the cryptocurrency industry is facing its most significant regulatory milestone yet. The introduction of Form 1099-DA represents more
Cryptocurrency
ICYMI: How 1099-DA Reporting Differs from Traditional Asset Reporting
The world of tax compliance is changing fast, especially with the arrival of Form 1099-DA for digital assets. If you joined our recent webinar with
Tax Information Reporting
How the OBBB Transforms 2025 1099-K Reporting for TPSOs
The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, delivers significant relief to third-party settlement organizations (TPSOs) by reverting 1099-K reporting
Tax Information Reporting
The Hidden Cost of the One Big Beautiful Bill: Why Raising Tax Reporting Thresholds Could Cost America Billions
In the whirlwind of tax policy changes sweeping through Congress, one provision of the recently passed “One Big Beautiful Bill” (OBBB) has quietly slipped through
Tax Compliance
IRS FIRE System Sunset: What the IRIS Transition Means for Filers
The IRS has officially confirmed a plan to sunset the FIRE system, marking one of the most significant transformations in information return filing in decades.
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
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.