IRS IRIS System

[Gilmore]

We are a small TPA firm and each year we prepare about 40 1099Rs on behalf of our clients.  We currently use FT William to prepare paper forms.

I was looking into the IRIS system and was wondering if anyone has had any experience in using the system to prepare 1099s for their clients.  

Thank you.

[Paul I]

We do not use IRIS.  We use a software package for 1099s that allows us to import data from a spreadsheet, print forms, create pdfs to send the client their copy, and prepare the electronic filing to submit the forms to the IRS.  The price last year was a flat $220, and there is no per-participant charge. 

We also used another one of their packages to prepare, print and file 3922s for a stock purchase plan for 1,700 participants.  Same price - $220.

We have found their customer and tech support to be readily accessible and eager to help.

They have an option to provide prep and filing services as an outsourced service.  Please send me a BL Message if you are interested in knowing more about them.

[Dare Johnson]

There are plenty of 3rd party applications that are cheap and simple to use.  The IRS IRIS system requires registration and I don't think it generates the 1099s needed to send to the participants.

[Gilmore]

According to Publication 5717 you can create, edit, and view 1099 forms without software or service provider, download and print the recipient copy for distribution to payees (or client I imagine since that is what we would typically do), and maintain records of completed 1099s.  I went ahead and applied for a TCC, which was the exact same process as the process to renew our TCC for 8955s.  This way we can at least give it a look-see.

[mbvs]

W-2 mate offers a 1099R solution including fullfillment.