Improving Electronic Tax Filing
Official: Electronic Filing Improvement and Logistical Efficiency Act of 2025
This bill aims to make it easier for employers to file their employment taxes electronically, reducing reliance on paper forms. It also encourages electronic filing by offering tax credits to employers who use this method.
1. This bill requires the Internal Revenue Service to create a fully automated electronic filing process for employment taxes. 2. Employers can file all necessary tax forms electronically, including amended returns, within one year of the bill's passage. 3. The bill offers a tax credit of $1,000 to employers who first file their employment taxes electronically. 4. Employers can receive the credit again in the following year for another quarter of electronic filing. 5. If an employer fails to file electronically after receiving the credit, they must repay the amount.
This bill affects employers who are required to file employment tax returns.