As the IRS transitions information reporting from the FIRE system to the new IRIS platform, organizations relying on manual processes or home-grown, in-house systems face a critical decision: buy an already built, compliant solution or rebuild their existing infrastructure.
Join Wendy Walker, VP of Regulatory Affairs at Sovos, and Kelly Conner, Director of Product Marketing at Sovos, for a timely discussion on how this transition impacts filers, what timelines to expect, and what teams need to be involved in planning. You’ll gain insight into how leading organizations are preparing for the the change, key technology and compliance considerations, and what questions to ask before making your buy-vs-rebuild decision.
Key learnings include:
- Understand how the IRS IRIS transition impacts information return filing processes.
- Identify key decision points, stakeholders, and timelines for readiness.
- Evaluate the pros and cons of buying vs. rebuilding an information reporting solution.
- Learn how automation and managed services can ensure future compliance and scalability.
