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Latest Updates: State Direct Reporting Requirements for Form 1099-NEC

With the latest IRS announcement in Publication 1220 stating that information reporting data for the new Form 1099-NEC will not be included in the Combined Federal/State Filing (CF/SF) program, numerous states are beginning to publish direct reporting requirements. The Sovos regulatory analysis team will continuously update this page with the latest state requirements for Form 1099-NEC to help keep your organization ahead. The most recent state(s) to release 1099-NEC reporting updates: Vermont Vermont Releases 1099

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November 18, 2020

Starbucks Shakes Up the Banking World

February 3, 2020

See the Latest IRS FY19 Updates on Crypto and Gig Economy Enforcement

January 14, 2020

Latest white paper

The State of Sales and Use Tax: At a Crossroads

This Sovos report provides an inside look at Sales & Use Tax, focusing on the trends, impediments and technology facing organizations as they try to solve sales tax issues in a post Wayfair economy.

ShipCompliant

Illinois’ New Economic Nexus Sales Tax Rules to Affect Direct Wine Shippers

Starting January 1, 2021, many direct-to-consumer (DtC) wine shippers will face an added sales tax burden on their shipments to Illinois. The Illinois Department of

December 3, 2020

VAT & Fiscal Reporting

Brexit and Fiscal Representation

Recently, we outlined the need for speed in understanding fiscal representation obligations. As the UK looks set to become a third country from 1 January

December 2, 2020

Real-time Knowledge Center

The latest insights on tax compliance and government reporting from around the world.

South Carolina Releases Updated Tax Registration Application Form SCDOR-111

South Carolina has released an updated version of Form SCDOR-111. The form is used to register for various types of tax withheld for the state.

November 24, 2020

Nebraska Releases Updated Form W-4NA, Form 941N, and Nebraska Circular EN for 2020 Tax Year

Income Tax Withholding Certificate for Nonresident Individuals, used for nonresidents performing personal services substantially in Nebraska. Form 941N is the Nebraska Income Tax Withholding Return,

November 24, 2020

Utah Publishes Updated Publication on Interest and Penalties

The Utah State Tax Commission recently published an updated version of Publication 58, Utah Interest and Penalties. This publication contains information and instruction relating to

November 24, 2020