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09 February 2021

EY publication explains how to correct federal errors on the 2020 Form W-2

Employers can now find guidance on how to correct federal errors on the 2020 Form W-2 in our special report, When, why and how to correct 2020 Form W-2 errors.

This publication includes the following:

  • The top 10 most common 2020 Form W-2 errors and how to fix them
  • The timing for correcting federal Form W-2 errors
  • When small-dollar de minimis errors don't have to be corrected
  • Federal penalties for filing late or incorrect Forms W-2
  • The employer's liability for tax preparation and other costs
  • Considerations when issuing a replacement Form W-2c
  • Other payroll tax returns affected by Form W-2c
  • Sample employee request for replacement Form W-2

You can download the report here.

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Contact Information
For additional information concerning this Alert, please contact:
 
Workforce Tax Services - Employment Tax Advisory Services
   • Debera Salam (debera.salam@ey.com)
   • Kristie Lowery (kristie.lowery@ey.com)
   • Kenneth Hausser (kenneth.hausser@ey.com)

Document ID: 2021-0300

 

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