IRS seeks to lower e-filing threshold

Eric Updated by Eric

Read below for the proposed threshold changes. As of this writing, the IRS has not finalized the regulations.

The Taxpayer First Act gave the IRS the authority to lower the e-file threshold for information returns. The proposed thresholds, if finalized, will lower from 250 to:

  • 100 starting in January;
  • 10 starting in January 2023.

Additionally, if the aggregate number of information returns (W-2 and any type of 1099) reach the threshold, then the company is required to file electronically.

Furthermore, corrected returns must be filed in the same manner as the original: e-filed or paper filed.

If you haven't yet purchased our e-filing add-on to the W2/1099 program, please take a look at it before these new regulations go into effect. If you've already purchased it, please see our documentation.

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