New IRS e-filing rule for cash transactions in effect for dealers

πŸ“’ New IRS e-filing rule in effect for dealers! Dealerships filing 10+ tax forms must go digital for W-2s, 1099s, and Form 8300 πŸ’»πŸ’° #IRS #TaxFiling

Dealerships that file 10 or more of certain tax forms β€” such as W-2s and 1099s β€” had to do so electronically for the 2023 tax year. They also had to go digital with Form 8300, which retailers use to report large cash purchases.

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