2026–2027 Information Reporting Changes Assessment
OBBBA Threshold Update  ·  FIRE-to-IRIS Transition  ·  State Reporting Implications

What this assessment covers

Two federal regulatory changes take effect for Tax Year 2026 returns filed in 2027, with significant operational implications for any organization filing information returns. This assessment evaluates your organization's readiness across all three impact areas.

8
OBBBA Threshold
§6041(a) threshold raised from $600 to $2,000 — system, process, and withholding implications
10
FIRE to IRIS
FIRE decommissioned for Form 1099 and 1042-S — IRIS credentialing, data elements, and filing readiness
6
State Reporting
State threshold conformity, filing formats, deadlines, and withholding obligations

Each section can be marked not applicable if your organization has no obligations in that area. Results include statutory citations for every gap identified.

Assessment Results — 2026–2027 Reporting Changes

InfoReporting Solutions  ·  Results based on self-reported responses