Wednesday, January 3, 2018

W-2 and W-3 Forms Filing Deadlines are in January

Small Business Accounting - IR-2017-189 was released to remind employers and other businesses of the 1/31/18 deadline that now applies to filing wage statements and independent contractor forms with the government. As a result of the Protecting Americans From Tax Hikes Act, employers must file their Forms W-2 and W-3 with the Social Security Administration by 1/31/18. That filing deadline also applies to some Forms 1099-MISC filed with the IRS reporting nonemployee compensation to independent contractors. This deadline makes it easier to verify income that individuals report on their tax returns and helps prevent fraud. The extension to file Forms W-2 is no longer automatic and extensions will be granted only for specific reasons.
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