Individual taxpayers worry about paying their taxes on April 15. Businesses have many more taxes to pay, at many more times during the year. Each month on US Business Law/Taxes, I’ll remind you about tax filings or payments that are due in that month.
January = W-2 Forms. January is the month for calculating and sending out W-2 forms to all employees to report their income for last year (January 1 through December 31). You must get the forms into the hands of employees no later than January 31.
File Electronically. You can file your W-2 forms electronically using the Social Security Administration’s “Business Services Online” system. You can give employees their copies electronically, if they agree.
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