What are the consequences of filing Forms W-2 and/or W-3 late?
The following penalties apply to Forms W-2 and W-3:
- $15 per Form W-2 if you correctly file within 30 days from the original due date; maximum penalty of $75,000 per year
- $30 per Form W-2 if you correctly file within 30 days from the original due date; maximum penalty of $150,000 per year
- $50 per Form W-2 if you correctly file within 30 days from the original due date; maximum penalty of $250,000 per year