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Effective URL: https://sovos.com/content-library/trr/resource-center-new-form-1099-nec-direct-to-state-reporting/?mkt_tok=MzM0LUh...
Submission: On July 25 via api from US — Scanned from DE
Effective URL: https://sovos.com/content-library/trr/resource-center-new-form-1099-nec-direct-to-state-reporting/?mkt_tok=MzM0LUh...
Submission: On July 25 via api from US — Scanned from DE
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* Careers * Support North America SELECT REGION Global Americas Europe ⬅ All Regions * English * United States * Brazil * Mexico * Chile * Ecuador * Colombia * Peru * Spain * France * Germany * Italy * Turkey * Portugal * United Kingdom Additional Markets and Solutions * SolutionsExpand sub-menu * Value Added TaxExpand sub-menu * ProductsExpand sub-menu * Continuous Transaction Controls (CTCs) * VAT Reporting * IPT Determination * Sovos SAF-T * ServicesExpand sub-menu * Managed Services for VAT * Managed Services for IPT * Regional Tax RulesExpand sub-menu * Europe * Latin America * Asia * Sales and Use TaxExpand sub-menu * ProductsExpand sub-menu * Sovos Sales and Use Tax Filing * Sovos CertManager * Sovos Use Tax Manager * Sovos Global Tax Determination * Sovos Taxify * ServicesExpand sub-menu * Sales Tax Filing Managed Services * SST Model 1 * Shipping and Distribution ComplianceExpand sub-menu * ProductsExpand sub-menu * Shipping Compliance and Management * Distribution Compliance and Management * Carrier Compliance * Product Registration Online (PRO) * ServicesExpand sub-menu * Consultants * Tax and Regulatory ReportingExpand sub-menu * ProductsExpand sub-menu * Tax Information Reporting * Unclaimed Property Reporting * Statutory Reporting * Sovos Education * ServicesExpand sub-menu * Unclaimed Property Consulting * Unclaimed Property Reporting Managed Services * IndustriesExpand sub-menu * Retail * Manufacturing * Financial Services * Digital Services * Insurance * New Economies * ResourcesExpand sub-menu * Events * Knowledge CenterExpand sub-menu * Blog * Content Library * Regulatory Analysis * Webinars * Partners * Case Studies * About UsExpand sub-menu * Who We Are * TechnologyExpand sub-menu * Integrations & API * Infrastructure and Security * Architecture * Leadership * Social Responsibility * Diversity, Equity & Inclusion * Press Room * Support * Get in Touch RESOURCE CENTER FORM 1099-NEC & DIRECT TO STATE REPORTING Tax and accounting professionals managing 1099 reporting will need help this tax season. Here’s why. NEW 1099 FORM In 2020 1099-NEC was resurrected to replace box seven on Form 1099-MISC. This means the 1099-NEC is the new form for reporting nonemployee compensation for services amounting to $600 or more. As a result, this form has a significant impact on all types of businesses and their 1099-MISC reporting processes. NEW REPORTING REQUIREMENTS FOR FEDERAL & STATE The IRS announcement in Publication 1220 added Form 1099-NEC to be included in the Combined Federal/State Filing (CF/SF) program. It will be up to the state agencies whether or not to make a change to participate in CF/SF and not continue to require direct reporting. This means businesses will need to: * Track individual state guidance for the 1099-NEC that will continue to change late in the season * Understand state-specific requirements around data, reporting thresholds, format, timelines and adapting reporting processes for each state THIS PAGE IS A ONE STOP RESOURCE TO HELP YOU GET THROUGH TAX SEASON. WEBINAR Access our on demand webinar and learn everything about the new form 1099 NEC and state reporting requirements Watch now BLOG Read our blog with the latest updates on new state direct reporting requirements Read now SUBSCRIBE Subscribe to the blog and receive regular email alerts for new state reporting requirements sign up SOVOS PRODUCTS Learn about Sovos’s NEW 1099 NEC and direct to state reporting service offering Learn More DEMO Watch a quick demo of Sovos’ solution see the demo IF 1099 - NEC HAS YOU FEELING A BIT OVERWHELMED, DON’T WORRY, SOVOS CAN HELP Contact Us Now to start securing your path to compliance. Talk to our experts * Solutions * Value Added Tax * Sales and Use Tax * Shipping and Distribution Compliance * Tax and Regulatory Reporting * Technology * Overview * Integrations & API * Infrastructure & Security * Architecture * Resources * Blog * Knowledge Center * Regulatory Analysis * Events * Webinars * Support / Client Portal * About Us * Leadership * Contact Us * Partners * Press Room * Careers © 2022 Sovos Compliance, LLC +1-866-890-3970 Privacy Policy * * * WE CARE ABOUT YOUR PRIVACY We and our partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your choices by clicking below, including your right to object where legitimate interest is used, or at any time in the privacy policy page. These choices will be signaled globally as part of an industry standard and will not affect browsing data.Privacy Policy Cookies Settings Reject All Accept All Cookies