What does the IRS require regarding the acceptance of e-filed returns mainly based on W-2 forms?

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The IRS has specific guidelines regarding the acceptance of e-filed returns that include W-2 forms. One key requirement is that e-filed tax returns containing W-2 information are generally not accepted until after February 15 of the filing year. This policy is in place because employers are required to furnish W-2 forms to employees by January 31, and this gives the IRS time to update its systems with the W-2 data before allowing electronic submissions.

This timeline is particularly important to ensure accurate processing of tax returns and to prevent issues arising from potential discrepancies between what taxpayers report and what employers have filed. As a result, any e-filed return that includes W-2 forms will be held for processing until this date to ensure compliance and accuracy in the tax filing process.

Understanding this requirement is essential for tax preparers as it informs them when they can begin to file returns electronically and ensures that clients are advised correctly about potential delays in the acceptance of their returns.

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