Employers have an annual obligation to file Form W-2 with the Social Security Administration, for each employee that was paid wages during the tax year. The employer must also provide a copy of Form W-2 to the employee.
An employer who fails to file a correct Form W-2 by the due date, and cannot show reasonable cause, may be subject to a penalty as provided under Internal Revenue Code, §6721. The W-2 penalty applies for employers who:
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•ÌýÌýÌýÌý report an incorrect TIN
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•ÌýÌýÌýÌý fail to report a TIN, or
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Web page updated on 17 Mar 2025 15:24