The Internal Revenue Service is reminding employers that a new federal law to make it easier for the IRS to detect and prevent refund fraud moved the annual deadline for filing copies of employees’ Form W-2 with the Social Security Administration (SSA) to Jan. 31.
Under the new deadline:
- Employers filing 249 or fewer copies of Form W-2 can file these forms electronically or by paper.
- Employers filing 250 or more returns must do so electronically.
To start planning early:
- Verify your employees’ filing status and confirm their mailing addresses prior to year-end.
- Verify that the form W-9 information for your 1099-MISC contractors is current and accurate.
To read more, visit: https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/form-w-2-filing-due.aspx