FIRE retires on December 31, 2026, but November 19 is the last day filers can actually submit through FIRE. Starting with Tax Year 2026, every federal information return you file electronically goes through IRIS, the IRS Information Returns Intake System. FIRE will not be available as a backup. This is more than a new login….
Quick answer: IRIS corrections work differently than FIRE corrections. Instead of resubmitting an entire file, you reference the exact record using its Unique Record Identifier (URID) and submit a correction transmission using Transmission Type Code “C.” IRIS validates the correction in real time and returns one of four statuses: Accepted, Accepted with Errors, Partially Accepted,…
Form 1099-K compliance for enterprise payment platforms post-OBBBA. Covers the 2026 threshold, payment card rules, backup withholding, state divergence, and filing.
Learn the essentials of 1099 reporting, including payer responsibilities, common form types, key deadlines, and what’s changed for the 2025 filing season in this introductory webinar.
Learn how to conduct a post-filing season review to identify reporting issues, clean vendor data, and improve 1099 compliance for next year.
Learn how the IRS transition from FIRE to IRIS impacts 1099 filing and what businesses must do to prepare for the new system.
Understanding how to file Form 1042 is essential for any U.S. withholding agent that makes payments to foreign persons. Form 1042 — officially titled “Annual Withholding Tax Return for U.S. Source Income of Foreign Persons” — is a summary return filed with the IRS each year. It captures the total amount of tax withheld under…
If you’ve ever hired a freelancer, paid an independent contractor, or worked with a vendor, you’ve likely encountered IRS Form W-9. But what is a W-9 form and why does it matter for your business? Form W-9 is an IRS tax document used to collect a payee’s legal name, address, and Taxpayer Identification Number (TIN)…
The IRS is replacing FIRE with IRIS — and every business that files information returns needs a plan. This playbook breaks down what’s changing and how to navigate the transition with confidence
Backup withholding is a federal tax withheld on certain payments. Learn what it is, when it applies, the IRS rate, and how to stay compliant.
