The New Jersey Division of Taxation has published the electronic specifications for reporting Tax Year 2018 W-2 information. As has been the case in past years, the specifications conform to those published by the Social Security Administration (EFW2). This booklet contains instructions and specifications for e-filing W-2 information with the Division. Submissions
The New York State Department of Taxation recently updated their website in relation to state and local government tax exempt bond interest information reporting. This type of reporting is used to report interest and dividend payments made to recipients which are derived from tax exempt sources like state and local
The recent publication of Technical Notes on the linkage between electronic tax documents (DF-e) and financial transactions represents a significant step in the implementation of the split payment model under Brazil’s Tax Reform. Under this framework, the integration between invoicing and payment is now a mandatory requirement for the accurate
The IRS relies on accurate legal names and taxpayer identification numbers (TINs on information returns to match income, deductions, and withholding to individual and business tax returns. When name and TIN combinations do not match IRS records, that data cannot be reliably matched, contributing to underreporting, enforcement activity, and the
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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 on de minimis reporting rules for PDAP (Processor of digital asset payment) sales and optional reporting methods. These rules are not new; the previous version
Global TaxScapes: Quarterly Global Tax & Compliance Updates Period: October 1, 2025 – December 16, 2025 What is Sovos TaxScapes? Global tax compliance continues to evolve quickly – with new mandates being introduced at a breakneck pace – and existing dates, forms, and processes being updated daily. As
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 tax year 2025 is the launch of the Non-Resident Withholding Tax online portal services. In October 2025, the CRA expanded its secure portal services to
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
The State of Alaska sales tax system is unique compared to other U.S. states. Alaska does not impose a statewide sales and use tax, making it one of the few states without a general retail sales tax. Instead, sales tax in Alaska is administered at the local level, where cities
ATLANTA – December 16, 2025 – Sovos, the always-on tax compliance company, today announced a series of Sovos products that have achieved SAP® certification and listings on SAP® Store, the online marketplace for SAP and partner offerings. Sovos has expanded its Indirect Tax Suite for SAP and enhanced support for multinational
What is Colorado Sales Tax? Colorado imposes a statewide sales and use tax rate of 2.9%. Examples of taxable items include: Clothing Certain computer software Rentals of tangible personal property Non-prescription drugs Prepared food Colorado Sales Tax Rates by Location Like many states, localities in Colorado can impose taxes which
Gwenaëlle Bernier – Partner & Avocate Associée G56, Tax Technology & Transformation at EY As France’s ambitious e-invoicing mandate approaches, Gwenaëlle Bernier – speaker at the Tax Compliance Summit Sovos Always On: Paris (19 Nov.) – shares expert insights on how digital transformation is reshaping tax compliance and operational performance. This
Washington imposes a statewide sales and use tax rate of 6.5%. The state does allow local jurisdictions to levy additional sales taxes. What’s Taxable in Washington? Washington sales and use tax applies to the sale of tangible personal property and certain enumerated services. Sellers selling taxable goods and/or services are
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 tax compliance is covered in one connected solution built for accuracy, scale, and confidence. 1099-DA updates Speak to an Expert: Secure Flawless 1099-DA Compliance Leverage
The IRS released Notice 2025-62 on November 5, 2025, providing penalty relief for tax year 2025 regarding new information reporting requirements under the One, Big, Beautiful Bill Act (OBBBA). While OBBBA created income tax deductions for qualified tips and qualified overtime compensation and requires separate reporting of these amounts on
The crypto industry stands at a pivotal moment. With the Trump administration’s pro-innovation stance and the release of the comprehensive White House Digital Assets Report, we’re witnessing a fundamental shift in how federal policy approaches digital assets. At Coindesk’s recent Policy and Regulation event, multiple roundtables convened simultaneously to examine
ProductsInformation Reporting and Withholding SuiteTax Withholding Management Tax Withholding Management Software Description Automation of payroll and non-wage tax withholding payments, filing returns and reconciliation. FeaturesPre-built and customizable payment schedules for streamlining federal, state and local withholding tax payments.Deliver filing returns electronically.Match tax payments and return filing amounts with corresponding tax