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…
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…
The IRS has announced the official end to the FIRE system — 3 pm Eastern Time on November 19. We knew this day was coming, but we didn’t know exactly “when.” Now, we do. Background The FIRE system — Filing Information Returns Electronically — started many years ago (40 years ago, according to this IRS…
In this week’s blog post and podcast, I mentioned how there is a change to the address fields on 1099s, and how I am not sure if this is just cosmetic or not. The issue I am watching with this is, it might affect file specifications in IRIS (I am not sure yet — IRS…
Podcast on this topic: https://podcasts.dinesenmedia.com/show/information-return-intelligence/substitute-forms-a-bigger-1099-deal-than-youd-think/ The IRS has released its annual revenue procedure relating to substitute forms — Revenue Procedure 2026-18. (IRS later released a slight correction to page layouts, in Notice 2026-14.) What is a Substitute Form? A substitute form means an information return (such as a 1099) that is printed on something other…
Listen to or watch the related podcast: https://podcasts.dinesenmedia.com/show/information-return-intelligence-1/second-quarter-form-1099-roundup/ Another Draft W-9 Released in May — EIN Prohibition on Individuals is Gone The IRS in May released another draft of a new W-9, and this draft removed the prohibition on an individual/sole proprietor from using an EIN. In this latest draft, the only thing listed under…
