The IRS Electronic Filing Mandate for Forms 1099 and 1042-S | Product

Is your organization mandated to use electronic filing for IRS information returns in the 1099 and 1098 series and the 1042-S for 2023?

What are the options available to your organization for filing Forms 1099 and 1042-S electronically?

How do the IRS IRIS system and the IRS FIRE system work and what does each of them require you to do?

These and other important questions will be addressed in this webinar to help you determine how and when to meet your 1099 and 1042-S tax information return filing obligations for 2023. Topics include:

• Federal regulatory mandates for filing information returns electronically: what’s new for 2023 year-end reporting
• Registering and maintaining registration to file electronically
• Transmitter Control Codes (TCCs) – how do they work and how many do you need?
• Roadmap to filing in the FIRE filing system
• Roadmap to filing in the IRIS filing system
• Filing deadlines for efiled Forms 1099 and 1042-S

Learning Objectives:

• Identify the thresholds at which electronic filing is required for Forms 1099 and 1042-S
• Access 2023 information for the IRS file structure and data communications for IRIS and FIRE
• Use the current IRS systems for individual user identification and the taxpayer application to file electronically