94x Electronic Filing Migration To Be Complete January 2016

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Employers with at least 5,000 employment tax returns during processing year 2014 must complete the migration process and file all second-quarter returns through the modernized e-file system, 94x MeF Employment Tax Program, by July 31, 2015, according to a Sept. 3 news release by the Internal Revenue Service.

The notification provides an update on the migration to the modernized e-file program from the 94x Legacy Employment Tax Program.

Additional deadlines employers should adhere to include: reporting agents must submit all current and previous quarterly returns through the modernized program by the second quarter; reporting agents filing less than 5,000 employment tax returns must complete migration and file all third quarter and previous quarterly returns through the modernized program by Oct. 31, 2015; and all Form 94x fourth quarter and annual filings due on Jan. 31, 2016, must be filed through the program.

For online filers who use the online filing PIN, the final phase of the modernized program is to be deployed for filing season 2015, the IRS said, adding that filing season 2015 is the last year that the legacy program and the modernized program are to run simultaneously.

To assist with the migration, the IRS has provided the MeF Working Group and Reporting Agent Forums and technical information. Assistance may be found on the Modernized e-File Program pages on IRS.gov, the IRS said. Information regarding the development of the 94x MeF program, including a comparison chart of the legacy program and the modernized program, also is available.

The legacy Employment Tax Program is to be shut down in December 2015, the IRS said. The shutdown of the 2014 filing season and the startup of filing season 2015 will be provided at a later date, it said.

The modernized e-file program provides greater benefits to the payroll industry than the legacy system, the IRS said. Under the new program, volume restrictions and coordination with the IRS for larger volume returns are eliminated, it said. Additionally, returns may be submitted at any time barring scheduled maintenance.

To contact the reporter on this story: Kristin Washington at kwashington@bna.com

To contact the editor responsible for this story: Michael Baer at mbaer@bna.com