What is new: Federal penalties for late W2s and 1099s
JANUARY 31, 2017 is the new deadline for filing 2016 Forms W-2 and W-3 both in paper forms and electronic. If you need 30-day extension complete Form 8809. There are penalties for the late filing of W2s for employee compensation payments and Form1099 Misc for non-employee compensation payments in box 7.These penalties are based on…