Questions about a particular Form 1099 for a certain tax year? This informative archive is your last stop to gather recipient information, learn about common errors, find out who receives a 1099 and more.
If you pay people for work, you’ll eventually face a simple but important choice: do you treat them as employees or independent contractors? That decision drives how you pay, what you report to the government, and which forms you file (W-2 vs 1099). This guide explains the differences, offers practical examples, and helps you make … Read more
The IRS has announced the annual shutdown / cutover schedules for the FIRE and IRIS systems for Tax Year 2025 (Filing Season 2026). During the cutover, all filing activities, including corrections and replacements for FIRE and IRIS, will be temporarily stopped. FIRE & IRIS Production Cutover Schedules The temporary shutdown for FIRE production will begin … Read more
Information returns like the 1099 form help the IRS match income recipients report with what payers report. If you pay independent contractors, landlords, attorneys, or others in the course of your trade or business, this guide explains who needs to file, which forms apply, deadlines, exceptions, and practical steps to stay compliant in 2026. What … Read more
This 1099-MISC deadline guide explains what to report, who must file, key dates, and practical steps to stay compliant. What the Form 1099-MISC is (and isn’t) The IRS uses information returns to track certain payments made in the course of business. The 1099 family includes several forms with different purposes. Use Form 1099-NEC to report … Read more
Form 1099-C, Cancellation of Debt, is filed when an applicable entity cancels a debt that is owed to them. This article goes over who must file Form 1099-C, when to file it, what information is required, and other common questions. What Is Form 1099-C? Form 1099-C, Cancellation of Debt, is filed for each debtor for … Read more
Form 1098, Mortgage Interest Statement, can feel technical, but it doesn’t have to be. This guide walks through what each box means, who must file the form, deadlines, and how homeowners can use the information at tax time. What is Form 1098 and why it matters Form 1098 reports mortgage interest and certain related amounts … Read more
If you pay independent contractors, freelancers, or other nonemployees for services, you may need to file Form 1099-NEC. This guide explains who must file, the exact due dates for 2026, how to file correctly, and what to do if you need more time. What is Form 1099-NEC? Form 1099-NEC reports nonemployee compensation. This is generally, … Read more
IRS Form 1099-INT, also known as the Interest Income form, is used to report interest payments made to individuals and businesses. Whether you’re an individual taxpayer, financial institution, or business owner, understanding how and when to use this tax form is crucial for complying with federal tax law. Overview What is Form 1099-INT? Form 1099-INT … Read more
If you received dividend income in the past year—or if you’re a business or financial institution that paid it—you may need to deal with Form 1099 DIV. This important IRS tax form is used to report dividends and other distributions to taxpayers and the IRS. Understanding when and how to file it is crucial for … Read more
The 1096 form 2024 is a transmittal form used by businesses and organizations to summarize paper filings of certain information returns submitted to the Internal Revenue Service (IRS). It’s crucial for paper-based reporting and acts as a cover sheet for forms such as 1099, 1098, and 5498. Overview What Is the 1096 Form 2024? Form … Read more
The Internal Revenue Service (IRS) is phasing out its long-standing electronic filing platform known as the Filing Information Returns Electronically (FIRE) system. Starting with tax year 2026, all electronic filings of information returns such as Forms 1099, 1098, 1042-S, and 5498 must be submitted through a new system: the Information Returns Intake System (IRIS). This … Read more
Understanding the latest 2025 1099 form changes to federal tax reporting forms and their impact on your filing obligations Introduction Tax season preparations require staying current with Internal Revenue Service modifications to reporting requirements. For the 2025 tax year, several important changes affect the 1099 form series, which businesses and organizations use to report various … Read more
Since the IRS IRIS System was announced, we knew that the IRS FIRE system retirement was near. We got confirmation that the FIRE system will be phased out sooner than many hoped. IRS FIRE System Retirement During the monthly IRIS Working Group meeting, it was confirmed that the FIRE System Retirement is near. This is … Read more
In January 2023, the IRS introduced the Information Returns Intake System (IRIS) to replace the FIRE system. As more filers transition to IRIS, new error types are emerging—one of the most common being TIN validation errors in 1099 e-filing. What causes an IRIS TIN Validation Error? This will happen when the name and TIN submitted … Read more
When preparing Form 1099-NEC filings, it is important that you know what information you need to gather. We’ve compiled the following 4 key topics in our Form 1099-NEC Guide that may help you to correctly and timely complete your filing. What’s new for Form 1099-NEC? Excess Golden Parachute Payments Excess golden parachute payments were moved … Read more