State Deadlines Near for Forms W-2 and 1099

“Since most states require businesses to complete their state filing reporting by early March, it is vital for professionals to stay on top of individual deadlines and requirements to avoid unnecessary fines associated with inaccurate information, missing the deadline or failing to file altogether,” said Bob Nault, Greatland’s CEO. “Customers are often confused by state filling requirements and we are available to ease the process as much as possible, streamlining our customers for a successful filing season.”

State filing penalties vary by state and range from fines of $1 per statement to $100 for late filing or for failure to file. Most states that have penalties in place have a maximum limit that can range as high as $50,000 that the preparer can be fined for that year. Depending on the regulations per state, some allow for an extension to file.

Currently, 40 states have a W-2 or 1099-MISC state filing requirement. Yearli facilitates the filings and applicable reconciliation forms and requires users to checkout (submit forms for filing) 48 hours before the applicable deadline to ensure processing and timely filing to state agencies. See the full list of state filing requirements below or visit Yearli.com for more information.