The IRS shift from FIRE to IRIS doesn’t just transform file formats, it reshapes the entire operating model for 1099 reporting teams. What once functioned as a linear workflow now becomes a continuous, data driven cycle that requires near real-time validation, tighter controls, and deeper coordination across teams.

In this session, Sovos experts will unpack what this transformation means for the people, processes, and controls that make 1099 reporting work. We’ll examine how IRIS disrupts legacy operating models, why organizations will be navigating dual format reporting for the foreseeable future until States fully implement IRIS, and what teams must rethink to reduce risk and avoid operational bottlenecks.

Key learnings include:

• Understand how IRIS will require you to rework your internal processes
• Learn which controls minimize Name/TIN mismatch risk under IRIS’s stricter formatting rules, and why data maturity matters
• Gain clarity on why most organizations will navigate dual reporting formats and how this impacts workflows.