What’s New for Tax Year 2023.

New Paper/Electronic Filing Threshold...
The IRS reduced the threshold for filing returns and other documents electronically. These regulations require filers of 10 or more information returns in a calendar year beginning in 2024, tax year 2023, to file those information returns electronically. Corrected information returns MUST be filed electronically if the original return was required to be submitted electronically.

IR Application for TCC...
FIRE TCC holders who submitted their TCC application prior to September 26, 2021, must complete and submit a new application. You must verify your identity by creating an ID.me account, an IRS signin service.

Combined Federal/State Filing (CF/SF)...
District of Columbia (42) and Pennsylvania (11) have been added to the list of participating states in the Combined Federal/ State Filing program.