Retailers get assistance meeting IRS requirements for IIAS transactions

December 21, 2007

Group to help retailers meet IRS requirements for IIAS transactions

The Special Interest Group of IIAS Standards (SIGIS), formerly known as the IIAS Standards Interest Group, announced its formal incorporation and the introduction of a voluntary industry standard solution to meet IRS requirements for operating an inventory information approval system (an IIAS). The group's standards will enable a broad range of participants in health benefit payment transactions to implement consistent systems and processes for transaction processing and data retention. As of January 1, 2009, the IRS requires most pharmacy retailers to operate an IIAS. For more information, visit