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What is the deadline for submitting employees' W-2 forms for the previous year?

  1. January 1

  2. February 28

  3. July 1

  4. August 28

The correct answer is: February 28

The deadline for submitting employees' W-2 forms for the previous year is February 28. This date is important as it allows employers to report wage and tax information accurately and on time to the Internal Revenue Service (IRS). Submitting W-2 forms by this deadline ensures compliance with federal regulations and provides employees with necessary tax information to complete their individual tax returns. Having the forms submitted properly by this date helps to avoid potential penalties that can arise from late filings. For employers who file electronically, the deadline is extended to March 31. However, for paper submissions, February 28 remains the key date. Understanding this timeline is crucial for contractors and employers to maintain proper recordkeeping and avoid issues with tax authorities.