The “Taxpayer First Act”

The IRS to establish its own internet platform for 1099 filing - In 2019, Federal legislation was passed that requires the Internal Revenue Service to set up its own internet portal for 1099 filing by January 1, 2023. This is intended to facilitate filing of returns without having to use FIRE System programmed files. Intended to parallel the suite of services made available online by the Social Security Administration (SSA), this portal will allow payers to: Prepare and file Forms…