IRS Reminds Business Owners of New W-2 Filing Deadline

12/12/2016

In October 2016, the IRS issued a reminder to employers and small-business owners of a new January 31 deadline for submitting Forms W-2 and certain Forms 1099-MISC to the Social Security Administration (SSA). The accelerated deadline, which was enacted as part of the Protecting Americans from Tax Hikes Act passed in late 2015, is designed to help the IRS spot refund fraud and issue refunds more quickly.

The filing deadline covers employer copies of Forms W-2 and Forms 1099-MISC that report nonemployee compensation, such as payments to independent contractors. Employers previously had until the end of February (if filing by paper) or March (if filing electronically) to submit their forms to the SSA.

Tags: IRS, W-2