Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens if an employer doesn send a W2 form?

0
Posted

What happens if an employer doesn send a W2 form?

0

Employers are supposed to send W-2 forms by the last day of January. The W-2 or Wage and Tax Statements form shows your earnings, benefits and taxes paid in the previous year. You need this statement to file your W-2. However, without it, you still have options.OptionsYour employer generates the W-2, and is responsible for sending it to you. Contact them to be sure that they have your current address. You can also file the return with your last check stub of the tax year.ConsiderationsWithout the W-2 form, you will be missing information that may not be available on your last check stub of the tax year. The company’s Employer Identification Number, and the correct totals for the tax withholdings, benefits and pretax payroll deductions.PenaltiesUnless the W-2 is undeliverable or another acceptable cause is proven, the employer will be fined for each W-2 that isn’t filed. These fines can range from $15 for W-2 filed 30 days late to $250,000 per year for W-2 filed more than 17 months late

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123