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The Internal Revenue Service is noting that amended rules for efiling returns and other documents begins next year for tax year 2023.
Among the changes, the 250-return threshold for efiling is dropping to 10 or more returns is th emajor one.
The agency noted the amended regulations (outlined in Treasury Decision 9972), requires filers to combine all information return types covered by the regulation to determine if they met the threshold. The IRS also notes it created a free portal to assist businesses in efiling Form 1099 series returns. The portal is known as the Information Returns Intake System (IRIS),
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind