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  • eFire: a digital solution for the preparation of QI reporting
Article:

eFire. A digital solution for the preparation of QI reporting

15 January 2020

eFire is a user-friendly, reliable and comprehensive QI reporting solution that offers a convenient way to complete and file your Information Return Form 1042-S and Tax Return 1042.

By using eFire, you will be able to:

  • Work directly on an user-friendly interface for the preparation of your Forms 7004 (new feature), 1042-S and 1042,
  • Avoid common errors during the preparation process through the use of comprehensive algorithms embedded in the software tool,
  • Keep an overview of your QI reporting preparation process through the different steps, from the preparation phase to the submission of the files to the IRS,
  • Rely on eFire team to process the electronic request of extension of time to file (Form 8809), upload the files on the IRS FIRE System platform and liaise with the IRS in case of technical issues,
  • Outsource the annual updates of the QI electronic reporting file format as set forth in IRS Publication 1187 to a QI Subject Matter Expert team.

Join BDO’s QI Community to smooth your QI reporting process!

 

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