IRSAC now supports this advice, although they feel the bar really should be set at $5,800 to duly account for inflation. The IRS also should have in place a mechanism for generating standard adjustments to help keep this reporting threshold aligned with inflation, the Advisory Council suggests.
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Now it seems like passing the regulation might not be necessary, since the IRS Advisory Council in November advised upping the ground for wins that need an automated W2-G filings.
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