colin brien 5/18/26 colin brien 5/18/26

2026 Form 1099 / 1042-S Reporting Checklist for IRIS

The IRS is retiring FIRE for 2026 information returns. New schema requirements, a $2,000 threshold, and no FIRE TCC carryover mean early action is required. Use this checklist to prepare.

colin brien 5/12/26 colin brien 5/12/26

IRS Revises Draft Form W-9 Again: What the June 2026 Changes Actually Mean

IRS releases a revised Draft Form W-9 (June 2026) changing its stance under the January 2026 draft, in which a sole proprietor was required to provide its Social Security Number and not an Entity Identification Number.