Tax Tech
Blog · Tag
Compliance
Every article tagged “Compliance”, newest first.
- 8 articles
Tagged “Compliance”
8 articles
-
Tax Tech
1099 Filing
The IRS FIRE System is Retiring: Navigating the New IRIS and IDES Electronic Filing Mandates
The IRS has retired the legacy FIRE system. Discover how the transition to IRIS and IDES impacts your 1099-MISC and 1099-NEC filing requirements and how Novus Compliance can automate your t… Read article
1099 Filing
1099 Filing for Foreign Entities: How to File When You Have No SSN or ITIN
Foreign entities without a U.S. SSN or ITIN cannot get an IRIS TCC. As a Foreign Filer ID holder enrolled in IDES, Novus files 1099-NEC and 1099-MISC on your behalf. Read article
Tax Tech
Navigating the 2027 IRS FIRE Retirement: TCC Registration and Technical Execution
The IRS is replacing the legacy FIRE system with IRIS for the 2027 filing season. If your responsible officers lack a US TIN, you must secure a Foreign Filer TCC. Learn how to handle this a… Read article
Regulatory Updates
Navigating CRS 3.0: Technical Requirements and XML Schema Validation Rules
The transition to the CRS 3.0 schema brings stricter validation rules and structural overhauls to international tax reporting. Discover the core technical requirements your data pipeline mu… Read article
FATCA/CRS
The Definitive Dos and Don'ts of FATCA & CRS Reporting
A single technical misstep in your FATCA or CRS reporting can lead to immediate IRS gateway rejections and the potential revocation of your GIIN. Discover the critical technical Dos and Don… Read article
FATCA Reporting
IRS IDES Filing Software & Form 8966 XML Generator: Your 2026 Guide
Navigating Model 2 or direct IRS reporting? Novus Compliance is a secure FATCA third-party transmitter offering top-tier IRS IDES filing software and Form 8966 XML generation. Read article
FATCA Reporting
IRS Opens IRIS Portal for Form 1042-S Electronic Filing: Preparing for the Retirement of FIRE
The IRS has opened the IRIS system for TY 2025 Form 1042-S filing and announced the retirement of the FIRE system. Learn how this impacts US and foreign filers. Read article
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