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What Are Medical Damages?
Here is the related podcast: https://podcasts.dinesenmedia.com/show/information-return-intelligence/what-are-medical-damages/ A court of appeals case in March serves as a reminder about the definition of medical damages. The case was not a 1099 case, but it’s informative for those of us in the field. The case involved two people with the last name of Roman, who had been married…
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Postal Service Changes Postmark Rule
Find the related podcast here: https://podcasts.dinesenmedia.com/show/information-return-intelligence/usps-postmark-changes-what-1099-filers-need-to-know/ On December 24 of last year, the United States Postal Service gave us a Christmas Eve gift that hasn’t necessarily received a lot of attention. If you missed the unwrapping of this Christmas gift, let’s unpack it for you. The change involves when the USPS will postmark a piece…
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Information Return News Roundup, Third Quarter 2026
Extinguishment of FIRE is Official The IRS in August set the official end date (and time!) for FIRE — 3 pm Eastern Time on November 19. The IRS has an online public meeting planned to discuss the transition, with one announced for October 28 from 1-2 p.m. Eastern time (click here for the link). Note…
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It’s CP2100 Letter Season!
Listen to or watch the podcast on this subject: https://podcasts.dinesenmedia.com/show/information-return-intelligence/ CP2100 Season is Here! It’s that time of year when CP2100 letters will begin arriving. This article will cover what a recipient of such a letter should do. What is It? To understand CP2100 letters, we need to start at the start. Your organization files…
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2027 Versions of Several Forms Released
1096, 1099-B, 1098-E, 1098-T and 1099-LPS Draft instructions for the 2027 versions of various forms, including 1096, 1099-B, 1099-LPS, 1098-E and 1098-T were also released in August. In all of these instructions, the IRS has nothing listed under what’s new for the 2027 form. (NOTE: 2027 is correct; the 2026 versions of these forms have…
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Want to Use IRIS? Start Process Now
Listen to or watch the podcast here: https://podcasts.dinesenmedia.com/show/information-return-intelligence/want-to-use-iris-start-the-process-now/ If you haven’t started your move from FIRE to IRIS yet, you’ll want to start as soon as possible. Backstory The IRS has maintained two systems for e-filing of 1099s – FIRE and IRIS. FIRE is going out of service at 3 pm Eastern time on November…