Walk through any retail store and it feels like we are in a rush to the finish line for 2023.
While we don’t want to fast forward through the calendar, we do want to make you aware of new electronic filing requirements taking effect January 1, 2024.
If you file W-2, 1099, or similar forms for the tax year 2023 and you are filing ten or more total forms, they must be filed electronically. This is the new requirement no matter if you are filing a single type of form or a combination of the forms that totals ten or more (e.g., seven W-2s and 3 1099s). Up until this change, the minimum threshold to trigger the e-filing requirement has been 250 forms.
We urge you to begin the registration process in November, because completion can take up to two weeks. Click here to get started.
Questions? We are happy to help. Give us a call at 215-723-4881.