W-2 electronic filing bill receives approval in House

House Bill 2108, sponsored by Rep. Justin Alferman, received first round approval in the Missouri House today.

The bill is an effort to crack down on around $40 million in individual income tax fraud and mirrors the IRS electronic filing requirement. Only businesses with more than 250 employees would be subject to the requirement.  Such businesses already must file the data electronically with the IRS. Exceptions allowed from the electronic filing at the federal level would also be allowed at the state level.