CHANGES IN FORMS W-2 AND W-3 REPORTING:

News from RWHSG

Most Recent
Categories
Elder Planning Services
Estate Planning
Individual Income Tax
International Taxation
Retirement Planning
Small Business
Tax Planning for Businesses
Uncategorized

Posted by Kim Chen on January 21st, 2016

The latest set of instructions for Form W-2 and Form W-3 for 2016 forms filed in 2017 include various changes, such as the accelerated due date (1/31/17) for filing the forms with the SSA, procedure for requesting an extension to file Form W-2 (no longer automatic), increased penalty amounts for failing to file and furnish correct W-2 forms by the due date, a new safe harbor for filing Form W-2 with certain de minimis errors, and the tax reporting treatment of same-sex marriages (now the same as married couples of the opposite sex). [ Editor’s Note: Except for the same-sex married treatment, these changes do not apply to the 2015 Form W-2 and Form W-3 being filed in 2016.] The instructions are available on the IRS website at www.irs.gov/pub/irs-pdf/iw2w3.pdf .