San Francisco Tax Preparation / CPA: IRS Reminds Employers of Filing Deadline for Form W-2, Wage Statements
The IRS has reminded employers of filing file Form W-2, Wage and Tax Statement, and other wage statements by Monday, February 1, 2021, to avoid penalties and help the IRS prevent fraud. Due to the usual January 31 deadline falling on a Sunday, the due date will be pushed to the next business day. Various other due dates related to Form 1099-MISC, including dues to the IRS, can be found at https://www.irs.gov/forms-pubs/about-form-1099-nec. The IRS also recommended e-file as the quickest, most accurate and convenient way to file said forms. Further, automatic extensions of time to file Forms W-2 would not be available. Finally, guidance on information penalties can be found at https://www.irs.gov/government-entities/federal-state-local-governments/increase-in-information-return-penalties.