Regulatory Analysis
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, all employers must submit annual income and withholding statements (Forms W-2, W-2G, and 1099-R) electronically, regardless of employee count. Filers should note that the Department no longer requires notification that a […]
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 is the addition of the Information Return Intake System (IRIS) as a filing option for automatic 30-day extensions. IRIS will fully replace the FIRE system in January 2027. The IRS […]
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 for returns filed through the IRS Modernized e-File (MeF) platform. There were several key changes in this recent update to the publication, which include the following: Puerto Rico form discontinuation: […]
Effective January 1, 2026, the state level discount available for timely filed sales and use tax returns in Colorado has been removed. This discount is termed as a “service fee” in Colorado. Please note, this change does not impact local level service fees in Colorado. This change is included in the Colorado Department of Revenue’s […]
Effective January 1, 2026, the Colorado Waste Tire Fee on the sale of new motor vehicle and trailer tires will increase to $2.00 from $0.50.
Earlier this year the Washington state legislature enacted Engrossed Substitute Senate Bill 5801 (Chapter 417, Laws of 2025) changing a number of taxes and fees related to motor vehicles and other forms of transportation. As part of this law the additional 5.9% sales tax imposed on retail car rentals of 30 days or less will […]
The California State Controller’s Office (SCO) has issued a warning about a phishing scam targeting unclaimed property holders. Fraudulent emails impersonating Controller Malia M. Cohen are requesting sensitive reporting data, including NAUPA files, UFS-1 forms, and property owner personally identifiable information (PII). Sovos clients should be vigilant and know how to recognize these scams. What the Scam Looks […]
The Colorado Department of Revenue published local sales and use tax changes effective January 1, 2026. Changes include rate increases and newly imposed sales taxes in jurisdictions such as Pagosa Springs. More information concerning the January 1, 2026 local changes may be found here.
The French Tax Authority (DGFIP) has released detailed guidance on the upcoming pilot phase for the French CTC reform, marking a significant milestone in the country’s transition to mandatory electronic invoicing. This pilot represents the first real testing of the CTC ecosystem before the phased mandatory rollout beginning September 2026. Pilot Phase Overview The pilot […]
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 effective as of December 5, 2025 for withholding on wages paid January 1, 2026 and thereafter. Effective January 1, 2026, Hawaii will adopt the 10 or more electronic filing threshold […]
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 and accounts for legislative changes through October 31, 2025. The most significant changes for 2025 relate to security option reporting following the federal announcement deferring the increase to the capital […]
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. The guide is valid for the 2025 taxation year and subsequent years. The most significant change is the removal of supplementary information codes I-1 and I-2, which were used to […]
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 (IRA) for eligible children established under the One, Big, Beautiful Bill Act (OBBBA). The notice addresses key information reporting requirements for trustees and employers, and requests comments on withholding and […]
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 for tips, overtime compensation, and passenger vehicle loan interest, as well as substantially increased state and local tax (“SALT”) deduction caps. The child tax credit amount for qualifying children under […]
The Polish Minister of Finance and Economy signed the amending Regulation on the detailed scope of data contained in tax declarations and records for VAT (JPK_VAT with declaration), which is now awaiting official publication. As previously reported, this regulation adapts JPK_VAT reporting to the mandatory KSeF 2.0 framework. Taxpayers will be required to include KSeF […]
The Polish Minister of Finance and Economy has signed the Regulation on the use of the National e-Invoicing System (Krajowy System e-Faktur, KSeF), which is now awaiting the final step – publication in the Polish Journal of Laws (Dziennik Ustaw). This regulation is a key implementing act for the mandatory KSeF 2.0 framework, replacing the […]
The Slovak parliament has approved the draft law which introduces mandatory e-invoicing and real-time reporting obligations, implementing the European legislation of VAT in the Digital Age (ViDA). Additionally, the Financial Directorate of the Slovak Republic has also published an FAQ document providing some practical guidance for taxpayers. Mandatory E-invoicing Requirements The new requirements apply to […]
The Polish Ministry of Finance and Economy has published an amendment to the Regulation on the issuance of invoices. The amendment updates §3 of the regulation, which specifies cases in which invoices may contain a scope of data narrower than that specified in Article 106e of the VAT Act, aligning these rules with KSeF 2.0. […]