28 April 2016 Oklahoma employers required to file annual withholding reconciliation and Forms W-2 Recently enacted legislation (HB 2775) will require that employers electronically file an annual withholding tax reconciliation return and corresponding Forms W-2 by the February 28 following the tax year. The change is effective for calendar year 2016, with the annual reconciliation and Forms W-2 due by February 28, 2017. According to an Oklahoma Tax Commission (OTC) Tax Policy and Research representative, the OTC has no plans at this time to conform to the new federal Forms W-2 deadline of January 31. (Telephone conversation, April 27, 2016.) Currently, Oklahoma employers are not required to file an annual reconciliation or Forms W-2. Now, the OTC is stepping up tax fraud prevention efforts by matching employer-supplied Form W-2 data to individual income tax returns. Employers will be required to file the annual reconciliation form and Forms W-2 electronically over the Oklahoma Taxpayer Access Point system. Additional information on the new reporting requirement is expected to be posted to the OTC website later this year.
Document ID: 2016-0773 | ||||||||||||||||||||
