A new online portal where businesses can file Form 1099 series information returns for free is now open.
The IRS said last week that the Information Returns Intake System (IRIS) is available to businesses of any size, but the revenue service expects it to be especially useful for small businesses that now file information returns on paper.
IRIS now accepts Forms 1099 for tax year 2022 and later. The system is free, secure, accurate and requires no special software, the IRS said.
Filers can use the platform to create, upload, edit and view information and download completed copies of 1099 series forms for distribution and verification. Read more.