IRS Unveils Significant 2024 Tax Filing Update Impacting Small Businesses
The IRS has reduced the paper filing threshold to 10 forms. Any filers with more than 10 forms for certain filings will be required to electronically file in 2024. According to final IRS regulations, starting from January 1, 2024, most employers will now be required to file their information returns (such as Forms W-2, 1099, and …
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