Get on board with adding TIN Matching to your onboarding process

The most common cause of 1099 reporting errors is mismatches between recipient names with Tax Identification Numbers (TINs). Errors can lead to incorrect filing penalties, trigger withholding obligations for your organization and can result in expensive IRS penalties, amounting to $290 per form, with a cap of about $3.5 million for large businesses.

Penalties for inaccurate data are not the only issue for organizations as the additional time and expense of payee outreach and corrections are costly as well. Luckily, much of this can be avoided with a Sovos automated check during the onboarding process.

In part one of this two-webinar series, learn from the experts at Sovos about the importance of being proactive with TIN Matching during the onboarding process and the business implications behind avoiding it. Topics will include:

  • TIN Matching Overview and Importance
  • TIN Matching Demo
  • Benefits of TIN Matching

May 15, 2023
FIS Emerald

Sovos is exhibiting at FIS Emerald at Walt Disney World Swan and Dolphin Resort May 15-18. Booth #76. Come join us.

North America Tax Information Reporting
June 4, 2023
2023 IASA Xchange

Sovos will be at IASA Xchange in Minneapolis in June. This event offers education sessions for all levels and specialties of positions within the insurance industry.

North America Tax Information Reporting
June 5, 2023
AICPA & CIMA Engage

Sovos will be at AICPA & CIMA Engage 2023 in Las Vegas, Nevada this June. At this event for finance and accounting professionals, you’ll be able to attend a number of informative sessions to broaden your knowledge on a number if industry-specific topics.¬† Both virtual and in-person registrations are available.

North America Tax Compliance Tax Information Reporting
May 15, 2023
APP2P Spring Conference & Expo

We’ll be in Lake Buena Vista, Florida this spring at the APP2P Spring Conference. Visit us at booth #423 to discuss how Sovos can help simplify your 1099 reporting processes.

May 1, 2023
2023 Tax Reporting & Withholding Conference

Join us at the 2023 Tax Reporting & Withholding Conference where industry experts will discuss top issues in tax reporting and withholding. Virtual and in-person registration options are available.