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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…