W-2 Penalties for Filing Late

What’s New? W-2 Penalties

Amount of penalty is based on when the correct Form W-2 is filed.

 

  • $50 per W-2 if the forms are correctly filed within 30 days of the due date.

         Maximum penalty: $556,500 per year

         $194,500 maximum for small businesses

 

  • $110 per W-2 if the forms are correctly filed more than 30 days after the due date but before August 1.

          Maximum penalty: $1,669,500 per year

         $556,500 maximum for small businesses

 

  • $270 per W-2 if the forms are filed after August 1, corrections are not filed or the W-2 is not filed at all.

          Maximum penalty: $3,339,000 per year

         $1,113,000 maximum for small businesses

 https://www.irs.gov/pub/irs-pdf/iw2w3.pdf  Page 13

1098, 1099s, W-2 Penalties for Filing Late

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