New Deadlines for 2016 Wage Reports

The new Jan. 31, 2017, deadline for filing W-2s, W-3s and 1099-MISC (Box 7) reports with the Social Security Administration or the IRS may catch many companies unprepared this year.  The new deadline was enacted as part of HR 2029, the Consolidated Appropriations Act of 2016, late last year.

The new filing deadline now matches the deadline for providing information to employees or independent contractors so that the IRS is armed with employer information to confirm individual income tax reporting.

Read more from OMA Connections Partner, RSM US, here.  9/6/2016