New Electronic Filing Requirements for W2:
Effective for calendar year beginning January 2024, if there at least 10 returns including W-2’s and other information returns (previously 250), the following forms would have to be transmitted electronically to the IRS:
· W-2
· W-2AS
· W-2GU
· W-2VI
· 499R-2/W-2PR
Keep in mind this applies to tax year 2023 and does not include W-2C.
The Social Security Administration is also requiring all employers who meet this threshold to create a business services online account in order to upload the W-2’s securely.
To create an account, you can visit this link.
Business Services Online Portal
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