Innovates your IRS filling requirements
Reporting of US Form 1042-S is generally only possible by using the IRS FIRE System, with no on-line fill-in option. This is where eFIRE turns things with its user-friendly interface for preparing and submitting 1042-S and 1042 US Forms. As Qualified Intermediaries (QI) you will finally have the tool to meet your IRS filing requirements on time and accurately.
But more than that, you will:
Mitigate the possibility of incurring IRS penalties
eFire generates multiple controls to ensure that you report the correct information by implementing the legal requirements into the software framework. Next to that, the history review of reports sent to the IRS during the year allows you to adjust 1042-S amended easily.
Interactive file upload of the Forms 1042-S records in case of high volume
Due by every march 15, eFIRE pre-fills Form 1042 based on the information contained in the different Forms 1042-S.
Benefit from the BDO expertise
Distributed in “cloud” mode or installed on your own Windows server, eFIRE is continuously updated and monitored by our IT- and Tax-experts to ensure it always meets the latest IRS transmission format requirements.