🚀 Tax News Alert: Filing 10 or More Information Returns, E-file Now Required
⏰ The clock is ticking. If you paid an independent contractor $600 or more in 2023, this is for you. Don’t miss the Jan. 31 deadline for filing Forms 1099-MISC and 1099-NEC with the IRS.
Who Does This Include?
Small Biz Owners, Entrepreneurs, and more. For example, Midwives who hired doulas or birth assistants, doulas who paid a backup, independent contractors who subcontracted work, and others! Various other due dates related to these forms can be found in the instructions from the IRS.
Starting tax year 2023, if you have 10 or more information returns, you must file them electronically.
Let IRIS Help You: Information Returns Intake System (IRIS):
PLUS, If you don’t already use a system like QuickBooks that generates 1099s, the IRS has you covered with a new service! The IRS offers a free electronic filing service for the Form 1099 series using the Information Returns Intake System (IRIS). Filers can also use this online portal to prepare payee copies for distribution, file corrections, and request automatic extensions. To learn more about IRIS visit IRS.GOV.
📽️ Check out this helpful video tutorial on how to use the Information Returns Intake System (IRIS): How to Use IRIS Video.
Stay on top of your game and meet the deadline with the IRS’s convenient electronic filing service!
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