IRS Lowers Electronic Filing Threshold Starting Next Year

According to a new rule published at the end of last month, the IRS has lowered the mandatory electronic filing threshold from 250 forms down to 10 forms. That means, for all filings due on or after January 1st, 2024, any filing that combines 10 or more forms must be submitted electronically.

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In effect 5 employees each with a w-2 and a 1095b to cover their employment and enrollment in a health plan would put you over the threshold thereby requiring that filing to be submitted electronically.

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The new rule outlined a few additional provisions and clarifications as well, including that corrections to any forms that have been filed electronically must now be filed electronically, as well. 

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You can view the new rule announcement here.