1099 Submission Requirements to THE IRS Have Changed!
Starting tax year 2023, if you have 10 or more information returns (W-2s, 1099s), they must be filed electronically!
And in order to file your 1099’s electronically, you must have an Information Returns Intake Systems (IRIS) Transmitter Control Code (TCC).
Application for a TCC takes time! “The IRS will review your application information and supply a written confirmation as to your acceptance or rejection into the program. Processing times may vary; however, the typical application will be processed within 45 business days.” (www.irs.gov)
Since 1099s are required to be submitted no later than January 31st, it is recommended that you apply for your IRIS TCC no later than December 15th. (So we’re thinking best to knock this out TODAY)
For your convenience, we have attached step-by-step instructions for applying for an IRIS TCC. Click here to be directed to the online IRIS application for TCC.