End of Year Reminder – Transmitter Control Code

As the year comes to a close, this is a reminder to apply for a Transmitter Control Code (TCC) if you plan to file your own 1099s for 2024 (Due January 31, 2025).

Online filing is mandatory if you have more than 10 vendors. The IRS provides two free e-filing options: Information Returns Intake System (IRIS) and Filing Information Returns Electronically (FIRE). Both require a TCC, but the IRIS TCC is not interchangeable with the FIRE TCC. The main difference between FIRE and IRIS is that the FIRE system requires filers to use a specific software to create the electronic files to be uploaded to the system while IRIS allows manual entry or .csv uploads. Starting July 1, 2024, IRIS will accept forms 1098, W2-G, and 5498, previously only available through FIRE.

Since TCC applications can take up to 45 days, we recommend starting the process now to avoid the January rush. If you would like for HTB to file your 2024 1099s and/or W2s and we have not done so before, please reach out to your CPA at HTB or email CAS@htbcpa.com.