What is the file format required for bulk TIN Matching submissions?
For bulk TIN Matching submissions, the required file format is typically a plain text file (.txt). In the IRS Bulk […]
November 29, 2024
Are small businesses exempt from filing Form 8027?
Yes, small businesses are generally exempt from filing Form 8027, which is the Employer’s Annual Information Return of Tip Income
Gradual rollout for new reporting rules on Form 1099-K
For 2024, the IRS has provided a transition relief period, raising the threshold for Form 1099-K reporting. Payment platforms such
IRS FIRE system file status
The IRS FIRE (Filing Information Returns Electronically) system file status indicates whether files you have submitted are accepted, rejected, or
What is IRS Form 15397?
IRS Form 15397 is a recently introduced form used to request an extension of time to furnish recipient copies of