When the IRS opened the IRIS system a few years ago, we knew the FIRE system would be phased out, but we didn’t know when. Now, we know what the IRS’s thoughts on this are – they are targeting December of 2026 as the proposed end date for FIRE. Most businesses nowadays are subject to mandatory e-filing, so understanding this subject is important.
Topics covered will include:
- IRIS and FIRE … what does this even mean?
- The mandatory e-file threshold
- What are your options for e-filing forms?