The IRS retires FIRE at the end of 2026. Starting with Tax Year 2026 returns, filed in early 2027, IRIS (the Information Returns Intake System) becomes the only IRS intake system for 1099s and related information returns. Once FIRE shuts down, it won’t accept any submissions, including corrections and prior-year returns. IRIS is a different…
FIRE shuts down at the end of 2026. Once it goes offline, it will not be available for any submissions — current year, prior year, or corrections. Starting with Tax Year 2026, IRIS becomes the required filing path for the information returns it supports (including the 1099 series, 1098 series, W-2G, and certain other forms)….
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,…
The IRS retires its legacy FIRE system on December 31, 2026. From January 2027, IRIS is the only route for federal e-filing of tax year 2026 information returns. Any payer filing 10 or more returns must file electronically, and incorrect filings carry penalties of up to $340 per form. This guide covers mid-market 1099 filing…
Ask Sovi is an AI-powered product assistant built directly into 1099 Professional, available as of August 17, 2026. It answers product how-to questions in real time by searching Sovos product documentation — at no additional cost to 1099 Professional customers. What Is Ask Sovi? Ask Sovi is an AI assistant embedded in 1099 Professional. It…
The IRS FIRE system will be permanently decommissioned on December 31, 2026. All 2026 information returns, filed in early 2027, must be submitted through IRIS. For mid-market and enterprise filers, that means new file formats, new credentials, new validation logic, and a filing architecture that requires planning well before filing season opens. If your organization…
Quick answer: The OBBBA, signed July 4, 2025, permanently restored the TPSO Form 1099-K threshold to more than $20,000 and more than 200 transactions. But a higher threshold does not simplify compliance. Backup withholding, payment card rules, per-platform aggregation, and state thresholds all operate independently of that federal threshold. The headline change of 2025, the…
For payment platforms and enterprise compliance teams, Form 1099-K sits at the intersection of high-volume transaction data, per-platform threshold tracking, backup withholding obligations, and state-level rules that diverge from the federal standard. The 2025 threshold changes added a recalibration requirement on top of an already complex reporting structure. The compliance challenge is not the headline…
For most organizations, AP teams and controllers at mid-to-large corporations typically manage several 1099 form types simultaneously: 1099-NEC for contractor payments, 1099-MISC for rent and royalties, 1099-INT for interest on business notes, 1099-DIV for shareholder distributions, 1099-R for retirement plan participants, and in many cases, 1042-S for foreign payees. Each carries its own reporting threshold,…
