FIRE vs. IRIS: The BIG Changes to IRS 1099 Filing You Need to Know
Автор: Zenwork
Загружено: 2025-09-09
Просмотров: 16144
Описание:
The IRS is retiring its old FIRE system for e-filing 1099s and replacing it with the new Information Returns Intake System (IRIS), effective for Tax Year 2026. This is a major change that will affect how businesses file their information returns.
We break down this mandatory transition and explain everything you need to know about the new IRIS system. We'll cover the key differences between FIRE and IRIS, including new compliance requirements like mandatory TCCs, specific XML schemas, and file size limits.
You'll also learn the two main paths to IRIS compliance: building an internal system or using a dedicated software solution. Don't let this new system disrupt your tax season. Discover how Zenwork's Tax1099 platform is already prepared for IRIS, making your transition seamless and simple.
#Tax1099 #IRS #IRIS #FIREsystem #TaxCompliance #FinancialReporting #Accounting #Zenwork #TaxSeason #1099Filing #SmallBusiness #CorporateFinance
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