1099-NEC State Reporting Cannot Be Ignored

WebEx Events

Within just 3 months, we have seen 37 states (and counting) implement direct state reporting requirements for new Form 1099-NEC. 

After the release of IRS Publication 1220, tax professionals learned that new Form 1099-NEC would not be included in the Combined Federal/State (CFS) Filing Program. Within the months following the IRS’ release of this information, states have jumped on the bandwagon to implement direct-to-state filing requirements, adding new stressors for many tax & AP professionals responsible for 1099 filing. 

While the concept of direct state reporting on 10-series forms is not new, this change came amidst an already overwhelming tax season with the re-introduction of a new 1099 form (1099-NEC). 

Luckily, Sovos can help clear the air during this tiring filing time and help you file your forms – both federally AND to the states. This webinar recording is intended for organizations who are looking for more information on how to, most accurately, file their 1099-NEC forms for both IRS and Direct State filing.

Download the webinar recording & slide deck, where Sovos experts will cover:

  • States who have implemented direct state reporting requirements for Form 1099-NEC
  • Why we expect states to continue cracking down on direct state reporting?
  • How Sovos can help?
    – Including an exclusive demonstration of Sovos TIR Corporate and our Direct State Reporting add-on tool
Watch our webinar recording to learn more about what to expect this tax year and in the future.
 
 

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