The Growing Tax Gap: Expect Expanded 1099 Reporting

In the Fall of 2022, the IRS released updated Tax Gap numbers estimating increases year over year. The single most effective compliance tool that the IRS uses to ensure income tax compliance is third-party information reporting by businesses. How will the IRS expand or change 1099 reporting to combat the growing Tax Gap? What can your business do to prepare for more 1099 reporting requirements? Join Sovos experts to learn about potential changes to expect as well as how you can position your business to stay ahead. Topics will include:

·         What is the Tax Gap?

·         How does 1099 reporting play into the Tax Gap?

·         Areas of increased IRS enforcement and expanded requirements to watch

·         How to stay ahead and prepare for changes

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

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.