Visit here often for the latest industry news and information concerning tax related events.
Compliance Update
1/10/2025
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Compliance Update
2/28/2024
In a late breaking change, the IRS released Notice 2024-26 this week that announced a delay in the new requirement to electronically file Form 1042 for 2023.
Compliance Update
12/21/2023
Starting with tax year 2023 reporting, filing more than 10 information returns for the calendar year requires filing form 1042 electronically.
Compliance Update
9/10/2023
The good news is that there have been very few notable form changes for tax year 2023. Let’s start with the forms that are not changing this year...
Compliance Update
8/22/2023
For tax year 2023, the IRS has changed the way in which corrections must be filed.
Compliance Update
7/28/2023
The Combined Federal State Filing (CF/SF) program was created more than 20 years ago by the IRS to help lighten the administrative burden on small businesses reporting 1099 information to states.
Compliance Update
3/9/2023
The IRS deadline for both paper and electronic filing for form 1042-S is March 15th, so now is a great time to cover the basics.
Compliance Update
2/23/2023
Key changes that may impact your organization’s tax filing processes.
Compliance Update
1/3/2023
The IRS issued Notice 2023-10, delaying the implementation of the 1099-K reporting threshold and transaction limit change until 2023.
Compliance Update
12/23/2022
Big changes are happening this tax season and Sovos 1099 Pro wants you to be in the know!