Tax Central: More employers required to e-file WI wage statements and information returns in 2018

October 4, 2017|Terri Lillesand

With the passing of the 2017 Wisconsin budget bill, there have been significant state tax changes, including changes to provisions surrounding wage statements and information returns using Forms W-2, 1099-R, 1099-MISC and W-2G.

E-filing requirement threshold lowered

Employers doing business in Wisconsin must file wage statements and information returns with the Wisconsin Department of Revenue, and with a change enacted by the 2017 Wisconsin budget bill, more employers will be required to file electronically.

Effective for filings required to be filed after 2017, if you file 10 or more wage statements or information returns, you must file electronically—a change from the previous threshold of 50 or more. Publication 172, Annual W-2, 1099-R, 1099-MISC & W-2G Electronic Reporting, includes detailed information and instructions regarding electronic reporting, although it has not yet been updated with the most recent changes enacted by the 2017 Wisconsin budget bill.

Filing deadline changed last year; remains the same in 2018

Beginning with payments made in 2017, certain information returns and nonwage payment reporting must be filed by January 31, instead of the end of February. Our previous article, Start planning now for 2017 Form 1099 and W-2 deadline changes, provides background on the previous deadline changes that went into effect for filing the 2016 form, which still remain in effect.

For details regarding changes to other provisions, please read our recent article, New Wisconsin budget sees changes to personal property taxes, corporate and personal income tax.

Need assistance?

Schenck offers an easy and economical service to help with your reporting and electronic filing needs. We can help streamline the process and keep you in compliance.

If you need assistance with any of these items, please contact one of your Schenck team members.

Terri Lillesand, CPA, shareholder, is leader of Schenck’s firm-wide tax practice. She provides tax compliance and planning for corporate, individual, partnership, non-profit and fiduciary taxpayers.