Key Updates on 1099 and E-Filing Availability for the 2025 Tax Season
As the 2025 tax season approaches, it’s essential to stay informed about filing deadlines and system availability to ensure a smooth process. Here are the critical dates and updates to help you prepare for payroll and tax filings:
1099 Filing via IRIS
The IRS’s Information Returns Intake System (IRIS) remains the go-to platform for 1099 filings. If you’re preparing to file 1099s for contractors or vendors, ensure you’re familiar with IRIS and ready to submit when the filing window opens.
Important Filing Dates to Remember
1099 and W-2 Filing Opens January 10, 2025: Beginning Friday, January 10th, 2025, at 9:00 a.m. Eastern time, businesses can file 1099s and W-2s directly through the payroll system. This marks the start of a crucial period for ensuring accurate submissions, so it’s a good idea to have your records organized and ready.
IRS Reopens for Business Filing January 15, 2025: Currently, the IRS is closed for most e-filings, but it will resume accepting all business returns—including Forms 940 and 941—on January 15th. If you’re responsible for submitting business-related tax forms, this date is pivotal.
1040 E-Filing Start Date Pending: While individual taxpayers eagerly await the start of 1040 e-filing, the IRS has yet to announce the official date. Stay tuned for updates as the IRS provides further information in the coming weeks.
Tips to Prepare for Filing
Organize Your Records Early: Ensure all W-2s, 1099s, and related documents are accurate and complete to avoid delays or errors during filing.
Verify Payroll System Access: Double-check that you have the necessary login credentials and access to your payroll system ahead of the January 10th start date.
Monitor IRS Updates: Keep an eye on IRS announcements, especially regarding the 1040 e-filing start date, to stay ahead of any changes.
Consult Your Tax Professional: If you’re unsure about filing requirements or deadlines, reach out to a tax advisor for guidance.
Why These Dates Matter
Understanding these key dates and updates ensures you’re prepared to meet deadlines and avoid potential penalties. Timely filing of 1099s, W-2s, and business returns not only keeps you compliant but also helps streamline the tax process for your organization.
Looking Ahead
As the IRS continues to release information, staying informed is the best way to ensure a stress-free tax season. Mark your calendars, prepare your documents, and check back for updates on the start of 1040 e-filing and any other important changes. With the right preparation and awareness of these dates, you’ll be well-equipped to tackle the 2025 tax season with confidence.
Disclaimer: This article is for informational and educational purposes only and does not constitute legal tax advice. Advanced Tax Solutions is not liable or responsible for any damages resulting from or related to your use of this information. It is your responsibility to refer to official IRS documentation for information regarding any tax laws or tax information shown here.
