IRS Newswire November 14, 2023
Issue Number: IR-2023-213
Inside This Issue
IRS offers free Nov. 16 webinar on new information return e-file threshold change taking effect next year
WASHINGTON — The Internal Revenue Service will hold a free webinar at 1 p.m. ET on Thursday, Nov. 16, to update employers, tax professionals and others on the most recent developments of the e-file requirements for information returns that take effect Jan. 1, 2024.
The hour-long session will explain the changes mandated by the Taxpayer First Act (TFA) provision 2301, how they affect taxpayers and how to comply with the information returns e-file requirement. It will also include information about the various IRS systems involved.
There will also be a question-and-answer period where participants can ask questions. The event is open to anyone who is interested.
Participants should register online for this webinar.
Electronic filing requirements for information returns
The Electronic Filing Requirements for Specified Returns and Other Documents, was published in February 2023 by the Department of the Treasury and the Internal Revenue Service. These regulations reduce the 250-return threshold to generally require electronic filing by filers of 10 or more returns in a calendar year beginning in 2024 for tax year 2023.
The final regulations reflect changes made by the TFA 2301 to increase e-filing without undue hardship on taxpayers.
For more information see: regulations on e-file for businesses.
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