Employers!!!! A friendly reminder to file your w-2s and w-3s with the Social Security Administration by February 1st to avoid penalties.
W-2s and 1099s need to go out to your contractors and employees as well on this date.
You are responsible for ensuring that your employees and/or contractors names, addresses and socials are correct when filing.
Generally, there are no extensions allowed to file your w-2s. However, there are a few:
- You were in a federal disaster area or suffered a fire, casualty or other loss.
- This is your first year of operation
- You didn’t receive a k1 or other information return to do your form accurately
- Death, serious illness, major medical disability that prevented responsible person from filing the return