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Clarification on New Law Regarding Required Information on W-2

Feb 02, 2016

HR360, Inc.
January 29, 2016

Changes Do Not Affect Forms W-2 Filed for 2015 Calendar Year

Effective December 18, 2015, a new law extends the IRS' authority to require truncated Social Security numbers on Forms W-2, rather than an employee's full Social Security number. Until the IRS exercises this authority through the issuance of new guidance or regulations, Forms W-2 must still include employees' Social Security numbers.

New Deadline for Filing Forms W-2 in Subsequent Years
Additionally, under another provision of the law, applicable to returns and statements relating to calendar years beginning after 2015, Forms W-2 must be filed on or before January 31 of the year following the calendar year to which such returns relate. Thus, the due date for filing 2016 Forms W-2 with the Social Security Administration is now January 31, 2017, whether filing by paper or electronically.

Click here to read the text of the law.

For additional tax information, please visit our section on Employer Tax Laws.

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