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W-2c procrastinators never prosper: In fact, they’ll pay penalties

by on
in Office Management,Payroll Management

On Aug. 1, tax penalties more than triple, from $30 to $100 per form, up to $1.5 million, for these W-2 infractions: failing to file 2012 W-2s in the first place or filing incorrect 2012 W-2s that you haven’t yet corrected.

Incorrect W-2s are corrected by filing Forms W-2c/W-3c with the Social Security Administration.

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