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: $532,000 per year

         $186,000 maximum for small businesses

 

  • $100 per W-2 if the forms are correctly filed more than 30 days after the due date but before August 1.

          Maximum penalty: $1,596,500 per year

         $532,000 maximum for small businesses

 

  • $260 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: $3,193,000 per year

         $1,064,000 maximum for small businesses

 

Higher penalty amounts apply to returns required to be filed after 12/31/15

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