Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023
Nancy McClelland, LLC
DECEMBER 26, 2023
– The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns. Beginning January 2024, you will no longer be able to file using a legacy transmitter code using the old FIRE system.) – You must file now file 1099 Forms electronically if you have 10 or more information returns (down from 250).
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