14.09.2021 2'

Information for Users of the FIRE System

We would like to inform all QIs that the IRS scheduled to deploy a new application process for new users of the Filing Information Returns Electronically (FIRE) system. Existing FIRE users are asked to review their current filing data in the FIRE system before September 15, 2021, and to transition to the new process in late 2022.

All news

The IRS recently announced that, starting September 26, 2021, users of the Filing Information Returns Electronically (FIRE) platform will have to use a new application procedure to receive Transmitter Control Codes (TCC) . The current application procedure using the Form 4419 will be replaced. To use the new application process, applicants must obtain a Secure Access Account with the IRS. Please find more information here.

Initially, the updated process will only be necessary for new applicants of a TCC and new FIRE users. Existing users are expected to obtain a Secure Access Account and to transition to the new process by late 2022.

Furthermore, in September 2021, the IRS will perform a relevant update of the FIRE system. After this update, to use the FIRE system, the filing information (TCC, EIN and Business Name) must be entered exactly as currently recorded in the FIRE System. Therefore, existing QIs are expected to log in to their FIRE accounts before September 15, 2021, to access the filing information stored under “Send Information Returns” to ensure that it is entered correctly. Furthermore, to prevent problems with the FIRE account after the update, the IRS recommends retaining a record of the information stored in the FIRE system. Please find more information here.

News

18.05.2026 6'

Submission of Forms 1042-S through IDES for Foreign Filers

With this newsletter, we would like to inform you about the IRS announcement of May 4, 2026, which introduced a new registration system for foreign filers in IDES (International Data Exchange System) enabling foreign filers to obtain a IDES TCC for the submission of Forms 1042-S after the upcoming FIRE (Filing Information Returns Electronically) Retirement by the end of 2026.
Read more
30.04.2026 3'

2026: CRS Reporting Reminder

Since the deadline for filing the CRS reporting is approaching, we would like to inform all Swiss financial institutions on their CRS reporting requirements and some specific updates relevant for the tax year 2025.
Read more