End-of-Year Update
Please note that for any pending Original 1098 / 1099 data that your organization excluded from initial EOY processing, you must update the loan(s) on the Inst/Parm/EOY/Correction screen no later than Friday, March 21st. Updates are required by this date in order for Sagent to create and submit the IRS files by the electronic filing deadline, March 31, 2025.
Previous uploads to the IRS FIRE system (Filing Information Returns Electronically) to this point include:
- All IRS Original files from the December 31, 2024, processing date have been uploaded successfully to meet the March 31, 2025, IRS Due Date
- 1099-MISC and 1099-NEC files were uploaded successfully to the IRS to meet the earlier January 31st IRS Due Date
- We continue to upload your Original files and Correction files produced after January 1, 2025.
Please review the following IRS material for important deadlines and information on when penalties may be assessed: Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G for Tax Year 2024 IRS Publication 1220.
If any information is missing such as name, address, EIN’s or TIN’s, Sagent will contact you via a Sagent Support Case. We request that you update the case quickly with the needed data so that Sagent will be able to transmit replacement files within IRS required deadlines.
If you have any questions please contact Customer Support.
Your Sagent Customer Success Team
