Get Ahead of the Curve: IRS eFiling Updates for Tax Year 2023

In February 2023, the Treasury Department and IRS released changes to the electronic filing requirements for information returns. TD 9972 changed the requirements for several tax returns submitted to the IRS by businesses including a variety of 1099s, Form 1042 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, and more.

In this session, you can expect to learn:

• What the form volume threshold is that warrants electronic filing of 1099 and 1042-S forms
• How to accurately file corrections using the new filing methodology
• What the electronic filing requirements are for Withholding Tax Returns 945 and 1042
• How to prepare for eFiling changes ahead of Tax Year 2023 reporting

Wendy Walker
Solution Principal, Sovos

Wendy is the Solution Principal of Tax Information Reporting at Sovos. Wendy has over 16-years of successful tax operations and compliance leadership experience with emphasis in large financial institutions. Wendy is a member of the Internal Revenue Service Advisory Council (IRSAC) and represents the industry on a variety of issues.

Grace Chlosta
Content Manager, IOFM

Grace Chlosta joined the Institute of Finance & Management (IOFM) in 2022 in a new role for the team as the Content Manager. She is responsible for the planning, organization, development, and implementation of all the content for IOFM’s digital products and (virtual and in-person) events. Grace is committed to ensuring that IOFM’s content stays timely, relevant, and actionable for all financial operations professionals, and works closely with a team of content developers, industry leaders, and subject matter experts to guarantee this happens.