February 2, 2023 2023-0194 Essential guide for correcting 2022 Form W-2 errors is now available In this special report, When, why and how to correct 2022 Form W-2 errors, we address commonly asked questions and discuss how to address these common mistakes: - Excess contributions to a Health Savings Account
- Excess contributions to a qualified retirement plan (e.g., 401(k))
- Excess contributions to a health flexible spending account
- Excess contributions to a dependent care assistance flexible spending account
- Missing or incorrect employee name or Social Security number
- Error in employee and/or employer name or address
- Incorrect reduction in federal income tax withholding in connection with a gross-up after the close of the tax year
- Incorrect Employer Identification Number or tax year
- Error in Additional Medicare Tax or federal income tax withholding
- Excess Social Security tax withheld
We also explain: - Timing for correcting errors
- When small-dollar de minimis errors do not have to be corrected
- Penalties for filing late or incorrect Forms W-2
- Employer liability for tax preparation and other costs incurred by employees because of a Form W-2 C, Corrected Wage and Tax Statement
- Considerations when issuing a replacement Form W-2
- Other payroll tax returns affected by a Form W-2 C
For the Forms W-2 filing due dates, see our 2022 Payroll Year-end Checklist here. ——————————————— Contact Information For additional information concerning this Alert, please contact: |
Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor ——————————————— ATTACHMENT EY Payroll News Flash 
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