IRS Reminds People That W-2 Forms Now Due Jan. 31

Chris Gaetano
Published Date:
Oct 31, 2016
Deadline alarm clock

The IRS sent out a reminder that, due to legislation that passed last December, the Protecting Americans from Tax Hikes Act, the filing deadline for W-2 forms has been moved up to Jan. 31, versus the current dates at the end of February for paper filers and end of March for digital filers. There will only be one 30-day extension to file the Form W-2, and must be actively applied for via a Form 8809. The accelerated deadline also applies to certain Forms 1099-MISC reporting non-employee compensation such as payments to independent contractors.

The new deadline is intended to help the IRS in spotting return errors and to make it easier to verify the legitimacy of returns.

"As tax season approaches, the IRS wants to be sure employers, especially smaller businesses, are aware of these new deadlines," said IRS Commissioner John Koskinen. "We are working with the payroll community and other partners to share this information widely."

While the new deadline will allow the IRS to release tax funds faster than before, it also warned that some will get them a little later, as the new law requires the IRS to hold the refund for any tax return claiming either the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) until Feb. 15. By law, the IRS must hold the entire refund, not just the portion related to the EITC or ACTC.

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