Thursday, February 16, 2017


Did you missed the W-2 filing due date?

Jan 31, 2017 was the due date for filing forms W-2s.
The IRS ruling.
The Protecting Americans from Tax Hikes (PATH) Act, enacted last December, now required to file their copies of Form W-2, submitted to the Social Security Administration, by Jan. 31.  The same due date applies for the form 1099-MISC (reporting non-employee compensation) to independent contractors.
Extensions?
Only one 30-day extension to file Form W-2 is available and this extension is not automatic. If an extension is necessary, a Form 8809 Application for Extension of Time to File Information Returns must be completed by no later than January 31.
Reasons:
The new accelerated deadline will help the IRS improve its efforts to spot errors on returns filed by taxpayers. Having these W-2s and 1099s earlier will make it easier for the IRS to verify the legitimacy of tax returns and properly issue refunds to taxpayers eligible to receive them. In many instances, this will enable the IRS to release tax refunds more quickly than in the past.

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