By what date must an employer furnish a completed IRS Form W-2 to an employee?

By what date must an employer furnish a completed IRS Form W-2 to an employee?

• A. January 15
• B. January 31
• C. February 28
• D. March 15

Answer: (B)

Form W-2 must be given to employees by January 31 each year. This deadline ensures workers have the wage and tax information they need to accurately file their tax returns for the prior year. The form reports total wages, tips, and taxes withheld, and delivering it on time helps prevent penalties for late furnishing. Managers should aim to prepare accurate W-2s promptly so employees receive them by that date, even as the forms are also filed with the IRS/SSA.

Form W-2 must be given to employees by January 31 each year. This deadline ensures workers have the wage and tax information they need to accurately file their tax returns for the prior year. The form reports total wages, tips, and taxes withheld, and delivering it on time helps prevent penalties for late furnishing. Managers should aim to prepare accurate W-2s promptly so employees receive them by that date, even as the forms are also filed with the IRS/SSA.