The 940 effort represents a twenty-fold increase in volume scanned over all of 2022. The IRS is working with the Treasury's Bureau of the Fiscal Service and Lockbox Financial Agents to expand the program.
:Lockbox Financial Agents are banks that specialize in payment processing but until now have not scanned and processed tax forms. Under the Lockbox project, paper returns are scanned on-site and e-filed.
Digital Intake with Industry Partners involves extracting machine-readable information from paper tax returns and then e-files those returns.