DATE HOSTED: 11/20/2020
DURATION: 60 minutes
As well all know, 2020 has been a year of monumental changes - many of which have required us to pivot and implement practices & processes that are very unfamiliar to us all...
And changes to the requirements for reporting both federally (IRS) AND directly to the states is no exception.
At Sovos, we know how important it is to stay up-to-date on the ever-changing requirements of reporting your 1095 forms.
Alongside your normal federal reporting required to the IRS, ACA direct state reporting is one of the most recent developments that will impact your HR & tax teams, this year. These reporting requirements vary drastically from state-to-state and have been constantly evolving over this last year. Most businesses not utilizing proper processing procedures will spend countless hours scouring state websites to keep track of these requirements to ensure they won’t be fined.
Luckily, our team of tax lawyers and regulatory experts have done the hard work for you. At Sovos we file 620 million forms a year with the IRS and all 50 states and are eager to help you have a seamless reporting season - both federally & to the states.
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