Streamlining IRS Operations Act

HR 2688, the Streamlining IRS Operations Act, requires tax returns that are electronically prepared but submitted on paper to include a scannable code. This affects tax preparers and filers who use electronic software to create returns but submit physical copies. The key provision mandates the IRS to require this code so scanned paper returns can be automatically converted to electronic format. The rule applies to returns due after December 31, 2023, aiming to improve IRS processing efficiency.