IRS Releases Tax Year 2025 1099-DA Update for De Minimis Rules
The IRS updated the 2025 Instructions for Form 1099-DA to include a new section, “De minimis rules for certain sales.” The new section provides information
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New Mexico Releases NEW Form TRD-41431 (Workers’ Compensation Fee Return and Employees’ Quarterly Wage and Withholding Report)
The New Mexico Taxation and Revenue Department has released new Form TRD-41431 (Workers’ Compensation Fee Return and Employees’ Quarterly Wage and Withholding Report). Effective for
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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
CRA Introduces Online Services for Non-Resident Withholding Tax
The Canada Revenue Agency (CRA) has released the 2025 edition of Guide T4061(E), NR4 – Non-Resident Tax Withholding, Remitting, and Reporting. The primary change for
New Mexico Updates FYI-330 (Income and Withholding Information Returns and Filing Methods)
The New Mexico Taxation and Revenue Department has released FYI-330, updating guidance on income and withholding information returns and filing methods. Beginning January 1, 2026,
IRS Revises Form 8809 (Application for Extension of Time To File Information Returns)
The IRS has updated Form 8809, used to request filing extensions for information returns including Forms W-2, 1099, 1042-S, and 1095. The most notable update
IRS Releases Publication 4163 for Processing Year 2026
The IRS has released Publication 4163 (Rev. 12-2025) for Modernized e-File (MeF) business returns processed in 2026. This publication outlines electronic filing requirements and guidance
Hawaii Releases 2026 Booklet A Employer’s Tax Guide
The Hawaii Department of Taxation has released the 2026 edition of Booklet A, Employer’s Tax Guide, with income tax withholding rates, methods, and tax tables
Revenu Québec Releases 2025 Guide to Filing the RL-1 Slip
Revenu Québec has released the 2025 Guide to Filing the RL-1 Slip (RL-1.G-V) for reporting employment and other income. The guide covers tax year 2025
Revenu Québec Releases 2025 Guide to Filing the RL-3 Slip
Revenu Québec has released the 2025 Guide to Filing the RL-3 Slip (RL-3.G-V), which reports investment income including dividends, interest, and royalties from Canadian sources.
IRS Releases Notice 2025-68 on Trump Accounts
The Treasury Department and IRS have released Notice 2025-68, announcing upcoming regulations and providing guidance on Trump Accounts, a new type of individual retirement account
IRS Releases 2026 Form W-4 Employee’s Withholding Certificate
The Internal Revenue Service has released the 2026 Form W-4, Employee’s Withholding Certificate. The 2026 form incorporates significant changes reflecting tax law updates, including deductions
Kansas Releases Custom 1099-DA Format for Electronic Filing
Kansas re-released its K-99CSV specifications with a 1099-DA format, making it the first state to post custom 1099-DA (digital asset transactions) electronic filing specifications for
Maine to Adopt IRIS Format for 1099 Starting Tax Year 2026 / Filing Season 2027
Maine Revenue Services has finalized its electronic file specifications for tax year 2025 Forms 1099 and W-2G information returns. MRS expects to conform with the
Ohio Updates 1099-MISC and 1099-NEC Thresholds
The Ohio Department of Taxation has released updated electronic filing specifications for tax year 2025 covering Forms 1099-R, 1099-NEC, and 1099-MISC. All specifications follow the
New Mexico Withholding Tax Reporting: Changes Effective January 1, 2026
Effective January 1, 2026, House Bill 218 introduces four changes to New Mexico withholding tax reporting: Quarterly Reporting Expansion. All employers and payers must file
Sovos 1099-DA Reporting
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