IRS Reminder: January 31, 2024 Filing Deadline for Employers to File Wage Statements and Independent Contractor Forms

Written By Kevin McKernan

Employers must file their copies of Form W-2 Wage and Tax Statement, and Form W-3 Transmittal of Wage and Tax Statements with the Social Security Administration by January 31, 2024. The January 31, 2024 deadline also applies to Forms 1099-MISC, Miscellaneous Income, and Forms 1099-NEC, Nonemployee Compensation that are filed with the IRS to report non-employee compensation to independent contractors. 

New Filing Requirements:

New electronic filing requirements affect Forms W-2 that are required to be filed in 2024. Businesses that file 10 forms or more must file W-2s and certain information returns electronically. 

Key Points to Remember: 

  • Extensions to file are not automatically granted. 

  • Filing Form 8809 does not extend the due date for furnishing wage statements to employees. 

  • Filing by the deadline helps the IRS to fight fraud by making it easier to verify income. 

  • Penalties may be assessed for failure to file correctly and on time.

    This document is designed for general information only. The information presented in this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client relationship. 

    For more information on this and other topics, please contact Kevin via any of the channels listed below:

    📧 kevin@kmckernan.com  | 📞 718-317-5007

Kevin McKernan
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