#United States #Port St. Lucie #RAS AP Consulting #IRS Transition #Vendor Master

RAS AP Consulting Introduces Educational Resource for IRS Transition

In a significant move aimed at aiding organizations with compliance, RAS AP Consulting has introduced a vital resource titled "1099 Compliance Starts in the Vendor Master File." This educational initiative is designed to prepare businesses for the impending transition from the IRS Filing Information Returns Electronically (FIRE) system to the Information Returns Intake System (IRIS). The IRS has mandated November 19, 2026, as the final date to utilize the FIRE system, compelling organizations to adapt to IRIS starting in the 2027 filing season.

The impending system change not only brings about new requirements but also a host of regulations that businesses must navigate. One such requirement includes new IRIS Transmitter Control Code (TCC) mandates and application stipulations, which could take organizations up to 45 days to fulfill. Furthermore, there will be adjustments in reporting thresholds pertinent to specific information returns, necessitating organizations to reassess their filing protocols.

Rosemarie A. Smith, Founder and CEO of RAS AP Consulting, emphasizes the need for a proactive approach towards 1099 compliance. With over three decades of experience in Accounts Payable operations and supplier governance, she notes, "Many filing challenges arise long before tax forms are submitted. Inaccuracies such as missing W-9 forms, incorrect taxpayer details, duplicated vendor records, and inadequate onboarding processes can introduce unnecessary compliance risks.” She further asserts that the shift to IRIS underscores the importance of solid Vendor Master governance as the first line of defense in information reporting.

To support this initiative, RAS AP Consulting has also created a detailed LinkedIn carousel, which outlines critical aspects for leaders in Accounts Payable, Tax, Procurement, Shared Services, and Finance. The carousel includes vital information on:

• - Transition requirements from FIRE to IRIS
• - Key IRS filing deadlines
• - Application processes for IRIS TCC
• - Changes in reporting thresholds for certain information returns
• - Best practices for Vendor Master File governance
• - Readiness for W-9 and TIN validation
• - AP Governance considerations to ensure year-end compliance

The educational campaign reinforces RAS AP Consulting's core principle, which states, "1099 compliance starts in the Vendor Master File, not at filing time.” Organizations that take these proactive steps not only position themselves to mitigate compliance risks but also enhance information reporting accuracy and streamline year-end filing processes.

To further assist with the transition, RAS AP Consulting is offering complimentary discussions focusing on Vendor Master integrity, taxpayer data validation, IRIS preparedness, and best practices in AP Governance.

About RAS AP Consulting

Founded by industry expert Rosemarie A. Smith, RAS AP Consulting is a Florida-based advisory firm that specializes in Accounts Payable Governance, Vendor Master Management, Information Reporting Compliance, and Supplier Lifecycle Governance. The firm is committed to helping organizations bolster controls, lower compliance risks, and modernize their Accounts Payable operations through effective governance frameworks and operational excellence initiatives.

For more information, businesses are encouraged to reach out directly to RAS AP Consulting for guidance on preparing for this transition and enhancing their compliance strategies.