Reasons you may receive W-2 penalties
968 views | Last modified 11/30/2020 10:45:51 AM EST | Added by 123PayStubs Team

Penalties will be imposed when you don’t file Form W-2 by the due date or when statements are inaccurate or incomplete. 
The IRS charge penalties for:

  • Failing to file W-2 with correct information on time
  • Failing to pay your tax on time
  • Failing to report TIN information/Reporting an incorrect TIN
  • Failing to include all the necessary information needed
  • Filing with incorrect information
  • Incorrect filing method
  • Filing on paper when needed to e-file
  • Filing with paper that is not machine-readable
  • Failing to furnish correct payee copies
  • For fraudulent filing of Form W-2

These penalties are applicable for both paper and e-filing, and the charges are the same. To know the penalty rate click here.

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