Share with your friends

Proposed regulations: Change to threshold for filing information returns electronically

Change for filing information returns electronically

The U.S. Treasury Department and IRS today released for publication in the Federal Register a notice of proposed rulemaking (REG-102951-16) to amend the rules for determining whether information returns must be filed using magnetic media (electronically).


Related content

Today’s proposed regulations [PDF 203 KB] provide that: 

  • All information returns—regardless of type—must be taken into account for purposes of determining whether a taxpayer meets the 250-return threshold for filing information returns electronically. 
  • Any taxpayer (person) required to file information returns electronically must also file any corrected information returns electronically, regardless of the number of corrected information returns being filed.

These regulations are proposed to be effective for original information returns required to be filed after December 31, 2018 (i.e., information returns for calendar year 2018) as well as any corrected information returns filed after December 31, 2018.

Comments and requests for a public hearing must be received by a date that is 60 days after May 31, 2018 (the scheduled date of publication of the proposed regulations in the Federal Register).

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal