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If you file information returns, one incorrect taxpayer identification number can lead to an IRS notice and, depending on the circumstances and how the payer responds, backup withholding requirements and information-return penalties that can apply separately to the return filed with the IRS and the statement furnished to the recipient.

Your customers already keep their vendor payments, payroll and contractor data in your platform, so when January comes, they want to file their 1099s there too. As of November 9, 2026, that takes a new approach. The IRS is retiring its FIRE system, and Tax Year 2026 (TY2026) forms, filed in early 2027, go through the IRS's IRIS system.

A business or accounting firm preparing a large batch of year-end forms has to plan how it will import records, submit returns, deliver recipient copies, and fix errors.

The IRS is retiring FIRE and moving electronic filing for the affected information returns to IRIS. Here's what is changing, what to review before you file, and where to get help.

You already make important compliance decisions, from filing W-2s and 1099s to managing business responsibilities. We asked Tyler Lang, CFA, CMT, founder and CEO of Journey Advisory Group, how those same decision-making skills can help you choose the right financial advisor.

During filing season, sending 1099s to the IRS is often only half the job payers need to complete. A payer with contractors in California and Oregon, or a firm filing for a dozen clients, can still owe state copies the federal filing never reaches. Whether it does depends on the form, any state tax withheld, and the amount reportable to each state.