IRS reminder: Deadlines for W-2, W-3 and Form 1099-MISC - KPMG United States
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IRS reminder: Deadlines for W-2, W-3 and Form 1099-MISC

IRS reminder: Deadlines for W-2, W-3 and Form 1099-MISC

The IRS today issued a reminder of the January 31, 2018 due date for filing:


Related content

  • Forms W-2 and W-3 for 2017 with the Social Security Administration (both electronic and paper versions)
  • Form 1099-MISC by January 31 when reporting non-employee compensation payments in box 7

The IRS release notes that penalties for failure to file correct information returns or furnish correct payee statements have increased, and apply for information returns required to be filed after December 31, 2015. 

Form 1098-T reporting changes

The IRS release also includes a reminder that eligible educational institutions are to report the total amount of payments received for qualified tuition and related expenses from all sources during the calendar year on Form 1098-T, Tuition Statement

There is, however, penalty relief available for Forms 1098-T for 2017. The IRS will not impose penalties on eligible education institutions that report the aggregate amount billed (instead of amount received) for qualified tuition and related expenses on the Form 1098-T for 2017. Read TaxNewsFlash-Exempt Organizations


For more information, contact a tax professional with KPMG’s Washington National Tax practice:

Preston Quesenberry | +1 202 533 3985 | 

Randall Thomas | +1 202 533 3786 |

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