In addition to the updates in our December 2021 post on the DRAFT General Instructions found here, the FINAL version includes information regarding the new Information Reporting Intake System (IRIS), which is an IRS Portal:
- Provide taxpayers with IRS resources and guidance.
- Allows taxpayers to prepare, file, and distribute Forms 1099.
- Allows taxpayers to create and maintain tax records.
Check out the FINAL 2022 General Instructions for Certain Information Returns here: