❏ Added an option to use the Information Returns Intake System (IRIS) system to transmit 2025 1099s.

• The existing Filing Information Returns Electronically (FIRE) format is still available for 2025 processing; however, according the IRS website, the targeted date for the retirement of the FIRE system is tax year 2026/filing season 2027.
• The Information Returns Intake System (IRIS) will be the only intake system for information returns for tax year 2026/filing season 2027.

Note: Users must use a separate Transmitter Control Code (TCC) for IRIS processing.

❏ Added the Reportable Overtime field to capture the half-time portion of overtime pay from the Payroll > Maintenance > Hours/Pay Transmittals > Ovtm Hours tab, which must be reported to employees. Eligible overtime wages include pay for hours worked over 40 in a week, calculated at 1.5 times the regular rate. Only the additional half-time portion, the extra 0.5 rate applied to overtime hours, is reportable.

❏ Added this report to provide the amount of overtime being reported in the Reportable Overtime field on the Payroll > Maintenance > Calendar YTD Data > Calendar YTD tab by employee and pay date.

Note: Currently, the report is available for download only as a PDF. A CSV download option will be added in a future release.

❏ Per IRS requirements, updated the W-2 form/instructions and all W-2 functionality to support the 2025 tax year.

❏ Per IRS requirements, updated the W-2 form/instructions and all W-2 functionality to support the 2025 tax year. Also, added the reportable overtime (OVTM) to box 14.