The Internal Revenue Service (“IRS”) released final regulations that significantly expand the electronic filing (“e-file”) requirements for tax-exempt organizations. Effective January 1, 2024, organizations must electronically file information returns (i.e. Form 1099 series, W2, etc…) if the organization prepares more than 10 information returns in a year. This is a significant decline from the prior 250 return threshold. This new requirement applies to 2023 information returns due in 2024 and forward.
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