The IRS’s new online platform for filing information returns will require taxpayers to maintain their own software or hire a trusted vendor to help navigate all the changes and business rules.
Tax practitioners should be aware of sweeping technological changes at the IRS affecting how filers of Forms 1099 and similar information returns, as well as Form 1042 for US source income of foreign persons, submit these returns to the IRS.
Knowing … [5629 chars]
Source: Bloomberg Tax News | Published: 2026-01-12T09:30:04Z
Credit: Bloomberg Tax News
