When Are W-2S Due
Understanding W-2 Due Dates for Employers and Employees
As tax season approaches, it's important for both employers and employees to understand the deadlines for submitting W-2 forms to the IRS. Failing to file these forms on time can result in costly penalties and fines. In this article, we'll explore the due dates for W-2 forms and provide some additional information about what you need to know.
When Are W-2s Due?
For employers, the deadline for submitting W-2 forms to the Social Security Administration (SSA) and providing copies to employees is January 31st of each year. This means that employers must ensure that all W-2 forms are postmarked or electronically filed by this date.For employees, the deadline for receiving W-2 forms from their employer is also January 31st. This allows individuals to complete their tax returns accurately and on time.It's important to note that employers who file more than 250 W-2 forms are required to file them electronically with the SSA. However, even if an employer files fewer than 250 forms, they may still choose to file electronically.
Q: What happens if my employer doesn't provide me with my W-2 form by the deadline?
A: If your employer fails to provide you with your W-2 form by the January 31st deadline, you can contact the IRS for assistance. The IRS will attempt to contact your employer and request that they provide your W-2 form as soon as possible.
Q: Can I still file my tax return if I haven't received my W-2 form yet?
A: Yes, you can still file your tax return even if you haven't received your W-2 form yet. If you have not received your form by mid-February, you can contact the IRS for assistance in obtaining the necessary information.
Q: What should I do if I notice an error on my W-2 form?
A: If you notice an error on your W-2 form, you should contact your employer as soon as possible to request a corrected form. It's important to ensure that all information on your W-2 form is accurate and up-to-date to avoid potential issues with your tax return.
Conclusion Understanding the deadlines for W-2 forms is essential for both employers and employees. By staying informed about these requirements, you can avoid costly penalties and ensure that your tax returns are completed accurately and on time. Remember to communicate with your employer and seek assistance from the IRS if needed. With careful attention and preparation, you can successfully navigate the tax season and ensure that you meet all necessary requirements for W-2 forms.