The IRS has made filing Form 1099 series information returns easier, faster, and more affordable for business taxpayers. With the Information Returns Intake System (IRIS), businesses of any size can now e-file their 1099 forms securely and for free, eliminating the need for paper forms or costly software. Here’s how you can benefit from this streamlined system and get started today.
Benefits of Using the IRIS Taxpayer Portal
The IRIS Taxpayer Portal is designed to simplify the e-filing process and offers a range of useful features:
- Easy Data Entry or Upload: Taxpayers can manually enter information into the portal or upload data using a downloadable template available in IRIS.
- Access Completed Forms: Once filed, you can download copies of your completed Form 1099 series information returns for your records.
- Make Corrections: Correct errors or inaccuracies in information returns directly through the portal.
- Request Extensions: Submit extension requests for filing deadlines as needed.
- Error Alerts: Receive notifications for input errors and missing information to ensure accuracy.
- Quick Confirmation: The IRS typically provides confirmation of receipt within 48 hours of submission.
- Save Money and Resources: E-filing reduces costs associated with paper, postage, and trips to the post office, as well as the need for storage space for physical forms.
How to Get Started
To begin using the IRIS Taxpayer Portal, you’ll need an IRIS Transmitter Control Code (TCC). This five-digit code adds an extra layer of security for filing through the portal and can only be used within the system.
First-time users can refer to Publication 5717, IRIS Taxpayer Portal User Guide (PDF) for comprehensive instructions on accessing the portal and making the most of its features.
E-filing Requirement for 10 or More Returns
It’s important to note that businesses filing 10 or more information returns, including Forms W-2 (filed with the Social Security Administration), are required to e-file. This rule makes the IRIS Taxpayer Portal a valuable tool for businesses managing multiple returns.
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