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IRS FIRE's going out for 2027 tax season

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. The Information Returns Intake System, or IRIS, will be the only intake system for information returns now received through FIRE.

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IRS to reduce audits of EITC claimants

Accounting Today

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

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Is your firm overpaying for external hires?

Accounting Today

My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions. In todays world, employees have more access to salary information than ever. And the spread grew to 8.6% for first-year managers.

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In the blogs: Breathing room

Accounting Today

Sovos ( [link] ): The IRS will decommission the Filing Information Returns Electronically system in January 2027; all 2026 returns will need to use the new IRS Information Returns Intake System. The window for preparation is closing fast. By Paige Hagy June 16 Like what you see?

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RSM announces $1B agentic AI investment

Accounting Today

By Michael Cohn 5h ago Audit Climate risk could slash earnings 7% by 2035 Extreme weather events like wildfires and hurricanes could drop corporate earnings up to 7.3% by 2035, KPMGs 2025 Futures Report found. By Chris Gaetano 10h ago Like what you see?

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Streamlining document security and workflow in accounting

Accounting Today

This is because the handling of confidential financial records requires not only technical expertise but also robust systems that ensure information is secure, organized and readily accessible. The confidentiality of this information is paramount, not just for legal compliance, but also to maintain client trust and operational integrity.

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The accountant's advantage over technology in fraud prevention

Accounting Today

By Paige Hagy July 9 Tax IRS FIRE's going out for 2027 tax season The Internal Revenue Service plans to shutter its Filing Information Returns Electronic, or FIRE, system.