New IRS Electronic Filing Rules Take Effect In 2024

In early 2023, the Internal Revenue Service finalized regulations expanding mandatory electronic filing of tax and information returns that require returns filed on or after January 1, 2024, to be submitted to the IRS electronically instead of on paper.

Under the new rules, filers of 10 or more information returns of any type for a calendar year will need to file electronically with the IRS. Previously, electronic filing was required if the filing was more than 250 returns of the same type for a calendar year.

➡️ For more information, see the “What’s New” section under "General Instructions for Certain Information Returns (2023)" on IRS.gov.

Are you interested in GreenSlate processing and filing your 2023 1099's?

➡️ If you are, please visit our how-to article, fill out and submit the form. We will then contact you on how to get started.

This information in this communication is general in nature, and is not intended, nor should it be construed, as legal, accounting, tax or other professional advice rendered by GreenSlate, LLC. The reader should contact his or her attorney, CPA, or tax professional prior to taking any action based upon this information.