Sovos Annual Tax Compliance Trends Report
Discover the top 2025 tax trends reshaping compliance. Learn how AI, real-time data, and new mandates are transforming tax into a strategic advantage.
December 20, 2024
Knowledge Center
Get the latest insights on tax compliance and government reporting.
Featured content
A Guide to Navigating 1099-DA Compliance
The IRS’s final regulations on digital asset reporting mark a turning point in how crypto brokers, digital asset platforms and taxpayers report transactions. With authorities expecting to process over 8 billion 1099-DA forms annually, organizations must ensure they have a structured and scalable tax compliance strategy in place.
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Real-time Knowledge Center
The latest insights on tax compliance and government reporting from around the world.
ShipCompliant
DtC Alcohol Shipping Laws: A Wishlist for 2026
Key Highlights: 2025 saw major changes to DtC alcohol shipping laws, especially for wine Mississippi and Delaware opened new markets but with restrictive provisions Several
February 13, 2026
Sales & Use Tax
Eliminating State Income Tax: Promise or Peril?
Should states eliminate their corporate and personal income taxes and replace them with a broad-based sales tax applied at a modest rate? The White House Council of Economic Advisers says absolutely yes. In a
February 10, 2026
Dominican Republic: Electronic Invoicing Contingency Instructions Published
The Instructions have been published to guide taxpayers on electronic invoicing contingency procedures, including the reasons for requesting contingency status, the methods for initiating and
February 13, 2026
France Approves 2026 Budget Law, Confirming Key Amendments to the E-Invoicing and E-Reporting Mandate
France has formally adopted its 2026 State Budget Law, confirming several important amendments to the country’s upcoming B2B e-invoicing and e-reporting mandate. Following its publication
February 11, 2026
IRS Releases Form 5498-ESA in Continuous Use Format
The Internal Revenue Service has released Form 5498-ESA (Rev. December 2026), Coverdell ESA Contribution Information. The revised form converts to a continuous use format and
February 11, 2026
Tax Information Reporting
Car Loan Interest Deduction: A Guide for Auto Lenders
The Treasury and IRS have begun implementing a new car loan interest deduction that allows many individual taxpayers to deduct interest paid on qualifying vehicle
Sales & Use Tax
Banks, Lenders & Fintechs: The $750K Tax Leak You Don’t Know You Have
Why Financial Institutions Overpay Sales & Use Tax and How to Stop It $750,000. That’s how much one mid-size U.S. bank recovered in a single
Sales & Use Tax
Arkansas Sales Tax Guide
Arkansas imposes a statewide sales and use tax rate of 6.5%, as established under the Arkansas tax code. While Arkansas does not allow local jurisdictions