NOTICE TO SETTLEMENT AGENTS WHO FILE 1099-S RETURNS VIA IRS’ FIRE SYSTEM

Written By Jack Faust

Tuesday, January 30th, 2024

If you are a real estate transaction settlement agent who files the required 1099-S returns for sellers in reportable transactions via IRS’ FIRE system, take note:

If your Transmitter Control Code (TCC) was issued before September 26, 2021, you must file for a new TCC to e-file 1099-S returns for tax year 2023.  Your application should be submitted at least 45 days before the date you plan to e-file your 1099-S returns.

For more information please visit https://www.irs.gov/e-file-providers/filing-information-returns-electronically-fire.

Additionally, you may contact Ed Generes at Generes & Associates at 985-641-3490, ext 101, or by email at ed@generes.biz .

Jack Faust
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