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Sovos Buys 1099 Pro

 Sovos, which markets indirect tax software, has acquired 1099 Pro. Terms were not disclosed.

Based in California, 1099 Pro fields applications for generating 1099 forms, along with tax identification number matching, electronic filing and Affordable Care Act reporting.

In the announcement, Sovos noted the decision by the Internal Revenue Service to exclude the new 1099-NEC form for non-employee compensation from the Combined Federal/State Filing program.  Sovos and 1099 Pro will offer options from self-service downloads to enterprise software-as-a-service,

Sovos also noted the “threshold for electronic filing will fall in 2021, requiring smaller filers to obtain approved transmitter codes for tax information reporting.”

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