Important ACA Announcement
Regulations section 301.6011-2 was amended by Treasury Decision 9972, published February 23, 2023, which lowers the threshold to 10 for which employers must file certain information returns electronically, including Forms W-2, W-2AS, W-2GU, W-2VI, and Form 499R-2/W-2PR (collectively Forms W-2), but not Form W-2CM.
The new threshold is effective for information returns required to be filed in calendar years beginning with 2024. The new rules apply to tax year 2023 Forms W-2 required to be filed by January 31, 2024.
PBS customers who use the ACA Essentials will need to upgrade to ACA Corporate as you are required to file electronically if you file more than 10 forms, covering an aggregate of W-2’s, 1099’s, ACA 1094/1095’s etc.
Questions? Please contact your Passport Partner or Marti Walt 847.729.7900 x103