Episode 48: 3rd Quarter 2026 Roundup

The IRS in August announced that the fire system is ending.

We know the date now and not just the date but the time.

3 p.m. Eastern Time on November 19th.

And after that, IRIS will be the only system.

The IRS also has announced an online public meeting to discuss the transition from fire to IRS.

They have one coming up on October 28th.

And the problem is that that event is full.

When you click on the link that the IRS provides, it says event is full and it's not taking any further registrations.

So I would say keep checking that.

We'll, of course, bring it up at Information Return Intelligence if they do offer more sessions or at least if they replay that session.

The related episode on the shutdown of the fire system is episode 43.

The end of the third quarter brought us into CP 2100 letter season.

CP 2100 letters are important for compliance and avoiding backup withholding.

So if you get a CP 2100 letter, it's important to take them seriously and take action when you get one.

And that action oftentimes is sending what's called a B notice.

In a related note to that, in July, the IRS announced that it had enhanced business tax accounts, online business tax accounts, to allow businesses to download an EIN verification letter that the IRS says in its news release can be used in place of a letter 147C.

Now, the IRS also talks about how you can use this at banks and other financial institutions.

The big deal with that is that Letter 147C is an important compliance letter as part of the second B notice process if you're trying to get verification of an EIN.

And I don't think you can accept this downloaded EIN verification from the Internet because all published guidance relating to B notices says you must get a letter 147C.

Our related episodes on these subjects are... episode 36 for a discussion of letter 147C, and episode 46 for a discussion of CP2100 letters in general.

The IRS in August announced that the fire system is ending.

We know the date now and not just the date but the time.

3 p.m. Eastern Time on November 19th.

And after that, IRIS will be the only system.

The IRS also has announced an online public meeting to discuss the transition from fire to IRS.

They have one coming up on October 28th.

And the problem is that that event is full.

When you click on the link that the IRS provides, it says event is full and it's not taking any further registrations.

So I would say keep checking that.

We'll, of course, bring it up at Information Return Intelligence if they do offer more sessions or at least if they replay that session.

The related episode on the shutdown of the fire system is episode 43.

The end of the third quarter brought us into CP 2100 letter season.

CP 2100 letters are important for compliance and avoiding backup withholding.

So if you get a CP 2100 letter, it's important to take them seriously and take action when you get one.

And that action oftentimes is sending what's called a B notice.

In a related note to that, in July, the IRS announced that it had enhanced business tax accounts, online business tax accounts, to allow businesses to download an EIN verification letter that the IRS says in its news release can be used in place of a letter 147C.

Now, the IRS also talks about how you can use this at banks and other financial institutions.

The big deal with that is that Letter 147C is an important compliance letter as part of the second B notice process if you're trying to get verification of an EIN.

And I don't think you can accept this downloaded EIN verification from the Internet because all published guidance relating to B notices says you must get a letter 147C.

Our related episodes on these subjects are... episode 36 for a discussion of letter 147C, and episode 46 for a discussion of CP2100 letters in general.