IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Filing Form 1042-S Through IRIS vs. FIRE

August 28, 2025
August 28, 2025

Share

Q. We currently file all our returns in FIRE. Can we apply for an IRIS Transmittal code (TCC) at any time during the year? Will the 2025 payments we made and report in 2026 filings for Form 1042-S be allowed this year to be sent through the IRIS filing system, or must we still use FIRE to report them? A. (Answered by IOFM's third-party tax expert) You can apply for an IRIS TCC at any time, but it could take up to 45 days to receive it, so it's best to start the process ASAP. The IRS now lists…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today


Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500