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1042-S electronic filing requirement

May 17, 2023
May 17, 2023


Q. We are doing paper form filing for 1042-S forms now since we have less than 20 forms, Do we need to submit it electronically starting 2023 since we have more than 9 forms when combining all tax returns together? I can't find the information on the IRS website. A. (Answered by IOFM's third-party tax experts) Yes, that is the result under the new tax regulations, which apply to 2023 information returns due to the IRS in 2024.  The new threshold number for mandatory electronic filing is 10…

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