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News about filing Information returns and wage statements with the IRS

  • Published on Jan 18, 2024
  • by TXCPA Houston

 

 

To determine whether you must file information returns electronically, employers must add together the number of information returns and the number of Forms W-2 they must file in a calendar year. If the total is at least 10 returns, they must file them all electronically. The new threshold is effective for information returns required to be filed in calendar years beginning with 2024. The new rules apply to tax year 2023 Forms W-2 because they are required to be filed by January 31, 2024.

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