Latest articles on Form 1099 news to stay on top of your employer requirements. Top articles include but not limited to, common mistakes employers make when issuing forms, how to gather information, and who should receive a 1099.
This guide walks you through the essentials of 1099 form reporting, what to file, when to file it, and how to accurately complete each section, so you can meet IRS requirements for the 2025 tax year (returns generally filed in 2026). What is a 1099 Form? A 1099 form is an information return used to … Read more
IRS Penalties can happen for a number of reasons, including forgetting to file, not filing by the deadline, not furnishing forms, or not offering coverage for ACA filing. IRS Penalties for ACA Forms Both types of ACA filings, B-series and C-series, require that the filer submit a return to the IRS, any applicable states, and … Read more
At the end of each year, businesses and organizations must begin preparing for the upcoming Form 1099 deadlines. Knowing when these deadlines fall is important for meeting IRS reporting requirements and avoiding penalties related to late or incorrect filings. Basic Information When each tax year, or calendar year, comes to a close employers must ensure … 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
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 IRS has confirmed that federal income tax withholding tables and core payroll forms will not change for the 2025 tax year. But that doesn’t mean OBBA leaves 2025 untouched. The One Big Beautiful Bill Act (OBBA) includes important information reporting changes, particularly for certain 1099 forms, that apply right now. Even bigger shifts are … 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 … Read more
The Internal Revenue Service (IRS) has announced the annual schedules for the FIRE and IRIS Production cutover/shutdown for Tax Year 2024 (Filing Season 2025). During these periods, all transmission activities, including corrections and replacements for FIRE and IRIS, will be temporarily halted. FIRE Production Cutover Schedules The temporary closure FIRE production will begin at November … Read more
In a recent update made by the state of Rhode Island, e-filed 1099 forms will now be accepted directly through the RI Department of Taxation’s portal. What’s New? According to the State of Rhode Island Division of Taxation’s Withholding Tax Filing & Transmittal Requirements documentation (Rev. Sep. 2024), electronically filed 1099 forms will be accepted … Read more
In addition to IRS filing requirements, many states have Form 1099 Requirements as well. The Combined Federal/State Filing (CF/SF) Program was created and implemented to make filing certain information returns easier and simpler for the filer. What is the Combined Federal/State Filing Program? The CF/SF program was established to simplify information returns filing for payers. … Read more
The IRS authorizes businesses to furnish electronic copies of certain tax forms, instead of a paper copy. Electronic Form Delivery Benefits There are many benefits to E-Delivery: However, electronic form delivery isn’t as simple as just sending forms via email; there are extensive rules and requirements for it. Electronic Form Delivery Requirements The requirements for … Read more
Tax Year 2024 is coming to a close, which means that the filing season of 2025 is upon us! We’ve created this guide, so you don’t miss the 2025 deadlines. Basic Information When each tax year, or calendar year, comes to a close, employers must ensure that they meet all IRS tax requirements regarding filing. … Read more
Form 8809 is a tax form that allows taxpayers to request additional time for filing specific information returns such as 1099, W2, or ACA Forms. After submitting Form 8809, an automatic 30-day extension period is granted. Which form deadlines can I extend using Form 8809 Extension? Form 8809 can be used to extend the following … Read more