Take Control of Your Tax Information & 1099 Reporting

Protect your company from the risks of expensive penalties and inefficiencies with a centralized solution that serves as your compliance headquarters.

The ways in which people earn income and invest it are changing. That shift is happening in an increasingly complex tax compliance environment. Regulators, focused on capturing revenue to help communities prosper, want more detailed tax data from businesses, and they want it faster.

You need to adapt — both to reduce the friction of tax information reporting and to meet market demands. Manual and outdated reporting processes don’t help.

Minimize cost, save time and ensure compliance.

Improve operational efficiency through automation and centralization of manual and/or disparate TIR processes, freeing up time for dedicated resources to focus on business-critical responsibilities and simplifying processes across all lines of businesses and regions.

Enhance customer experience by enabling a single point of access for all customers, resulting in reduced call volumes and increased speed of resolution.

Maintain compliance with a fully compliant solution backed by more than 50 regulatory analysts monitoring the regulatory environment daily.

Turn weeks of work into hours with accelerated data upload speeds of up to 120,000 records per minute.

Mitigate risk of audits and penalties by eliminating manual or slow, reactive processes.

Reduce IT and compliance involvement with a nimble solution that absorbs business and regulatory changes as they occur.

Bolster audit defense with complete and transparent audit trails.

Make reprints and corrections a breeze with up to 10 years of prior tax information easily accessible.

Real-time TIN matching

Eliminate the cost of B & P notices (CP2100 and 972CG) and cut the hours you spend sending solicitations by matching TINs beforehand in real time.

Accelerated Data Upload

Turn weeks of work into hours with data upload speeds of up to 120,000 records per minute.

Painless printing & mailing

Print and mail forms with a click while taking advantage of our negotiated print rates, National Change of Address check and increased security with TIN masking.

Straightforward Withholding

Effortlessly track remittances and manage the withholding process. Never again manually track payments or match general ledger data line-by-line against transaction-level data or tax detail forms.

Effortless eStatements

Do away with printing and mailing costs, and give your customers and vendors direct access to their statements.

Easy Data Access

Make reprints and corrections a breeze with up to 10 years of prior tax information at your fingertips.

Simplified federal and state reporting

Your forms and filings are always accurate, with a solution that automatically adapts to state and federal changes as they occur.

Universal Form Support

Quickly and easily file every required form, including 1042-S, 1098, 1099, 3921, 3922, 5498, W-2, W-4P, and W-9, as well as direct-to-state, Puerto Rico, Canada and Quebec form types.

Customers

Related content

EMEA VAT & Fiscal Reporting
August 17, 2021
Romania SAF-T: Updated Guidance Released

In our last look at Romania SAF-T, we detailed the technical specifications released from Romania’s tax authority. Since then, additional guidance has been released including an official name for the SAF-T submission: D406. Implementation timeline for mandatory submission of Romania SAF-T Large taxpayers (as designated by the Romanian tax authorities) – 1 January 2022 Medium […]

EMEA VAT & Fiscal Reporting
August 17, 2021
The French CTC Mandate – Your Questions Answered: Part 2: Reporting Obligations

Welcome to our Q&A two-part blog series on the French e-invoicing and e-reporting mandate, which comes into effect 2023-2025. That sounds far away but businesses must start preparing now if they are to comply. The Sovos compliance team has returned to answer some of your most pressing questions asked during our webinar. We have outlined […]

EMEA IPT Italy
August 17, 2021
How Insurers can Prepare for Tax Authority Audits

A tax authority audit can come in various forms, whether it be directly to the insurer itself or indirectly through a policyholder or broker. It can be targeted, for example, where an insurer has been specifically identified to be investigated due toa discrepancy on a tax return, or it can be indiscriminate in its nature […]

IPT
August 12, 2021
German IPT Law Changes and Double Taxation Implications

Insurance Tax Act reforms in Germany, effective from 10 December 2020, continue to cause uncertainty in the insurance market. The main area of concern relates to the location of risk for Insurance Premium Tax (IPT) purposes. The reform can impact a policy taken out with either an EEA or non-EEA insurer where the policyholder is […]

EMEA VAT & Fiscal Reporting
August 12, 2021
The French E-invoicing Mandate: Your Questions Answered

In our recent webinar, Sovos covered the new French e-invoicing and e-reporting mandate, and what this means for businesses and their tax obligations. We are witnessing a global move towards Continuous Transaction Controls (CTCs), where tax authorities are demanding transactional data in real-time or near real-time, affecting e-invoicing and e-reporting obligations. As such, from 2023, […]