» You now have one fewer option for filing returns

You now have one fewer option for filing returns

September 10, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Hiring & training staff, In this week's e-newsletter, Latest news & views, Tax compliance

If you’ve been reluctant to try e-filing for certain returns, get ready for change: As of Dec. 1, IRS will no longer accept magnetic media for information returns. The new rule applies to Forms 1098, 1099, 5498 and W2-G. 

After that date, if you have too many returns to file paper versions (or you simply don’t want to do paper returns) filing electronically through IRS’ FIRE system is your only option.

If you’ve been using mag media to file, there’s no application process to use FIRE. You can use the same TCC (Transmitter Control Code) from your mag media filings for e-filing.

You can also do test file transmissions between Nov. 1, 2008 and Feb. 15, 2009 — strongly encouraged if this is your first time filing electronically.

Download IRS’ publication with all the details on e-filing and the FIRE system here.

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One Response to “You now have one fewer option for filing returns”

  1. 2 latest changes to tax forms that Payroll and A/P need to know | | Breaking news & updates for Finance and Accounting pros Says:

    [...] to file is via IRS’ FIRE system. Test files can be sent from Nov. 1 through Feb. 15. (Check here for info on e-filing related [...]


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