By Payroll and Entitlements Editorial Staff
For corporate and personal income tax purposes, employers and taxpayers doing business in Wisconsin must file wage statements (W-2s) and information returns (e.g., 1099-MISC) with the Wisconsin Department of Revenue (department) by January 31, 2020. Taxpayers must file their statements electronically if they are filing 10 or more wage statements or 10 or more of any one type of information return with the department. The department will reject electronic returns with incomplete or incorrect information and give the taxpayers a reject reason so the taxpayers can correct the information and resubmit. In case a taxpayer has filed on paper, the department will send the taxpayer a letter asking it to correct and resubmit the corrected forms. Filing an incomplete or incorrect wage or information return is subject to a penalty of $10 for each violation. Taxpayers are advised to review Publication 117, Guide to Wisconsin Wage Statements and Information Returns for more information on filing requirements. The full text of the guidance is available at https://www.revenue.wi.gov/Pages/TaxPro/2019/news-2019-191004.aspx. (Press Release, Wisconsin Department of Revenue, October 4, 2019.)
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