Earlier Due Dates for Certain Information Returns

Employers face a new January 31, 2017, due date for filing 2016 Forms W-2 and W-3 with the Social Security Administration. This date applies whether you file using paper forms or electronically. Forms 1099-MISC are due to the IRS by January 31 when reporting non-employee compensation payments in box 7. Employers must furnish copies of these forms to their employees by the January 31 deadline. These earlier due dates will help the IRS find and stop refund fraud.

Penalties for failure to file correct information returns or furnish correct payee statements have increased and are now subject to inflationary adjustments. Information returns and payee statements include, for example, Forms 1098, 1099, W-2G and W-2. The increased penalties are effective for information returns required to be filed after December 31, 2015.

See irs.gov for more information.