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As the situation in Ukraine evolves, businesses should be mindful of potential risks to their people, assets, operations, or supply chains in the region and globally. Marsh, as part of the Marsh McLennan family of companies, has created a page with information, tools, and resources related to the Russia-Ukraine conflict. Please visit the page for the latest information.

May 3, 2023

IRS lowers mandatory e-filing threshold


On February 23, 2023, the IRS issued final regulations lowering the mandatory electronic filing threshold from 250 forms down to 10 for many tax and information returns filed by businesses with the IRS beginning in 2024. Although the new requirement will not take effect until next year, it has the potential to cause substantial disruption—especially for small employers who were more likely to file using paper forms.

This Alert summarizes the new filing requirements that are applicable to employer sponsors of group health plans and provides an overview of action items.