What is the new IRS E-filing regulation for the 2023 tax year?
311 views | Last modified 1/20/2024 2:46:45 AM EST | Added by TaxBandits Team

Applicable To
94X 1099 W-2 ACA W-4

For the 2023 tax year, the IRS has introduced a new e-filing regulation, reducing the threshold for reporting information returns from 250 to 10 or more aggregate returns in a calendar year.

This means that payers must consolidate all information returns, including 1099, W-2, and 1095 forms, and if the cumulative count exceeds 10 returns, e-filing is mandatory.

It's important to note that this threshold applies exclusively to information returns; payroll forms such as 941, 940, 943, 944, and 945 are not subject to this requirement. However, reporting agents are obligated to electronically sign and e-file all forms listed on Form 8655 (including 940/941 Forms) regardless of the e-filing threshold unless the e-filing option is unavailable for a specific Form 94X form.


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