Navigating the Shift from FIRE to IRIS – IRS Changes for Forms 1098, 1099 and other Information Return Filers

If your business files Form 1098, 1099 or other information returns with the Internal Revenue Service (IRS), a major shift is on the horizon. The IRS has recently announced the launch of its new Information Return Intake System (IRIS), which will go live in Nov. 2025 and replace the current Filing Information Returns Electronically (FIRE) platform. This shift will affect how businesses of all sizes file forms like 1099-MISC, 1099-NEC, 1099-K and 1098, among others. The shift in systems is not…
By: Bond Schoeneck & King PLLC