For 2016 the penalties for late or non filing of W2's and 1099's have increased as follows:
- $50.00 per W2/1099 = Late less than 31 days
- $100.00 per W2/1099 = If over 31 days but mailed by August 1, 2017
- $260.00 per W2/1099 = If mailed after August 1, 2017
- $530 = 1099s only. Intentional disregard and failure to report.
Please make sure you have mailed your W2's and 1099's by the deadline to avoid these high penalties.