Tax filing season is set to begin on Jan. 27. Businesses must file wage statements and certain information returns with the federal government by Jan. 31. Filing the required forms error-free by the deadline not only helps payers and recipients avoid penalties but also helps the IRS fight fraud by making it easier to verify income information. The Jan. 31 deadline applies to employers filing Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration. Jan. 31 is also the deadline for businesses to provide 2024 Form W-2 to employees. Contact us if you have questions regarding the upcoming tax deadlines.
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