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Description
The IR Summary page provides high-level insight into certain key details about a selected tax form and tax year, including deadlines, the total count of eligible Accounts, and the progress made toward form generation and filing.
Using the IR Summary Page
1) Select “Summary” from the left navigation under Information Reporting, 2) then select the form and tax year that you wish to review from the top right.
Summary Page Sections
Next, review the relevant information in each section of the page associated with the selected form and tax year. Please refer to the sections outlined below for a high-level summary of what to expect within each section.
Deadlines
This section displays both the Recipient Copy Deadline, Electronic Filing (eFile), as well as any extension deadlines for the selected Tax Form and Tax Year:
- The Recipient Copy Deadline is the date by which the recipient copy must be furnished to the end recipient.
- The eFile Deadline is the date by which the relevant information must be electronically filed to the relevant tax authority (e.g., the Internal Revenue Service).
In addition to the deadline, this section will denote the number of Days Remaining. This field will be denoted in red, as the relevant deadline approaches.
Please note: To the extent a recipient copy is not required to be furnished for the selected Tax Form, a Recipient Copy Deadline will not be included in the Deadlines section. Similarly, when information is not required to be filed with a tax authority, an eFile Deadline will not be included in the Deadlines section.
Form Eligibility
This section displays the total number of Accounts by Eligibility Status, accompanied by a pie chart which illustrates the percentage of Eligible Accounts with Complete / Incomplete Account Data.
Please note: The “Incomplete Account Data” field will be denoted in red, to the extent there are any Accounts for which there is insufficient information to generate.
By clicking the “Manage” button on the top right, you will be routed to the Eligibility Page. Please refer to this guide for more information on the Eligibility page: Eligibility Page
Form Generation
This section displays the total number of forms generated, broken out by type (i.e., Original, Correction, Void), as well as the number of accounts for which a form is potentially ready to be generated.
The totals displayed in this table do not include any forms that have been rescinded. To the extent multiple Original forms have been generated for an Account, only one will count toward the total displayed in the table, as only a single Original form can be filed for an Account. In addition, to the extent an Account has both an Original and a Correction/Void form, each form will count separately toward their respective type.
Please note: The “Not Generated” field will be denoted in red, to the extent there are any Eligible Accounts with complete account data for which a form has yet to be generated.
By clicking the “Manage” button, you will be routed to the Forms Page. Please see this guide for more information on form generation: Eligibility Page
Form Filing
This section displays the total number of forms filed, broken out by type (i.e., Original, Correction, Void), as well as the number of forms that are potentially ready to be filed.
To the extent an Account has both an Original and a Correction/Void form, each form will count separately toward their respective category.
Please note: The “Not Filed” field will be denoted in red, to the extent there are any generated forms that have yet to be filed.
Please refer to this guide for more information on form filing: Filing Page
