The IRS Updates Form 1099-MISC
The IRS recently released an updated version of Form 1099-MISC, which is used to report a multitude of payment types including rents, royalties, attorney payments,
Solution: Tax Information Reporting
Events
Tax Reporting & Withholding Conference
Meet the Sovos team at COST’s annual spring meeting and learn about our customer-centric approach to compliance. With solutions for indirect tax, 1099 reporting and more, our team is happy to discuss your global compliance strategy.
IRS Updates Form 1099-Q (Payments from Qualified Education Programs)
The IRS recently released an updated version of Form 1099-Q (Payments from Qualified Education Programs). This form is used to report distributions from qualified tuition
1099
First Time Filing 1099-DA? What You Need to Know (And Do) Before the Deadline
Navigating 1099-DA reporting for the first time can feel overwhelming, especially with evolving IRS guidance and tight deadlines. This webinar simplifies the essentials, from understanding
Sovos 1099-DA Reporting
Sovos Cryptocurrency Tax Compliance Crypto Tax Software for Businesses, Complete Compliance Without Gaps From tax IDs to cost basis to 1099-DAs, every step of crypto
IRS Updates 1099-NEC (Nonemployee Compensation)
The IRS recently updated Form 1099-NEC (Nonemployee Compensation). Beginning with tax year 2025, excess golden parachute payments to non-employees will be reported in Box 3
IRS Releases 2025 General Instructions for Forms W-2 and W-3
The IRS recently released the 2025 General Instructions for Forms W-2 and W-3. There are several notable updates. The due date for filing the 2025
New York Publishes Publication 72.5 (Electronic Reporting of NYS-45 Information)
The New York State Department of Taxation and Finance recently published the new Publication 72.5 (Electronic Reporting of NYS-45 Information) for quarterly reporting. Beginning March
New York Provides Update on Upcoming Changes to Withholding
New York recently updated the webpage it maintains for upcoming changes to its withholding requirements. By March 2025, New York intends to significantly overhaul its
Malaysia: Go-live postponement for certain taxpayers
The Inland Revenue Board of Malaysia (IRBM) has recently updated their guidelines to include a postponement of the CTC mandate for certain small taxpayers. Previously,
West Virginia Lowers Withholding Rate for Gambling Winnings to 4.82%
Effective January 1, 2025, West Virginia requires income tax withholding from gambling winnings at a rate of 4.82%. The same rate applies for backup withholding
IRS Releases 2025 General Instructions for Certain Information Returns
The IRS recently released the 2025 General Instructions for Certain Information Returns (Forms 1096, 1097, 1098, 1099, 3921, 3922, 5498, and W-2G). There are notable
PERU: Extended Deadline for Obligated Entities to Regularize RVIE and RCE in SIRE
On January 31, resolution No. 000003-2025-SUNAT/700000 was published. With this resolution, the application of the discretionary power regulated in the Resolution of the Deputy National Superintendence of
Sovos Achieves SAP Integration Certification Across Its Indirect Tax Suite Solutions
ATLANTA – February 11, 2025 – Sovos, the always-on compliance company, today announced that key components of its Indirect Tax Suite have been individually certified by
Value Added Tax
1042-S Reporting Best Practices
Do you make payments to non-U.S. persons? Join our webinar to learn when and how to file Form 1042 and 1042-S, plus tips for preparing
PERU: Extended Deadline for Obligated Entities to Regularize RVIE and RCE in SIRE
On January 31, resolution No. 000003-2025-SUNAT/700000 was published. With this resolution, the application of the discretionary power regulated in the Resolution of the Deputy National Superintendence of
Nebraska Releases 2025 Circular EN (Income Tax Withholding Guide)
Nebraska recently released the 2025 Circular EN (Nebraska Income Tax Withholding on Wages, Pensions and Annuities, and Gambling Winnings Paid on or after January 1,
Illinois Updates Information Return Publication
Illinois recently updated Publication 110 (Forms W-2, W-2c, W-2G, and 1099 Filing and Storage Requirements for Employers and Payers, including 1099-K Electronic Filing Requirements). There