Below you will find some recent new changes:
In order to remain Fully IRS/SSA compliant, the 2023 software will require "Account Number" for various Tax Forms.
Note: Each Tax Form MUST have it's own unique "Account Number" and 20 max characters
Specifications for Filing Corrected Returns Electronically
The record sequence for filing corrections is the same as for original returns. Refer to Part C. Record Format Specifications and Record Layouts, for more information. Corrected returns may be included in the same transmission as original returns; however, separate ‘A’ Records are required.
The “B” Record provides a 20-character field for a unique issuer’s Account Number for payee. The account number is required if there are multiple accounts for a recipient for whom more than one information return of the same type is being filed. This number will identify the incorrect return if more than one return is filed for a particular payee. Do not enter a TIN in this field. An issuer’s account number for the payee may be a checking account number, savings account number, serial number, or any other number assigned to the payee by the issuer that will distinguish the specific account. This number must appear on the initial return and on the corrected return for the IRS to identify and process the correction properly.
Errors normally fall under one of the two categories listed. Next to each type of error is a list of instructions on how to file the corrected return. Review the charts that follow.
All corrections properly coded for the CF/SF Program will be made available to the participating states. Only send corrections which affect the federal reporting or affect federal and state reporting. Corrections that apply only to a state filing requirement should be sent directly to the state.
Please reference for more information (Page 16) > https://www.irs.gov/pub/irs-pdf/p1220.pdf
Filing Due Dates:
Note: If any due date falls on a Saturday, Sunday, or legal holiday, the return or statement is considered timely if filed or furnished on the next business day. Leap years do not impact the due date.
IRS electronic filing Threshold:
The Taxpayer First Act of 2019 authorized the Department of the Treasury and the IRS to issue regulations that reduce the 250-return e-file threshold. T.D. 9972, published February 23, 2023, lowered the e-file threshold to 10 (calculated by aggregating all information returns), effective for information returns required to be filed on or after January 1, 2024.
Please reference for more information (Page 2) > https://www.govinfo.gov/content/pkg/FR-2023-02-23/pdf/2023-03710.pdf