Why are employers required to issue 1099s/W2s by end of Jan. if there seem to be no repercussions for not doing so?
Thing 1 worked for Sonic over the summer (and is technically still an employee); Thing 2 worked for Sonic for about 3 weeks. Neither of them received their W2s. Thing 1 only got her W2 this week because I made her call & inquire about it, and she had to go pick it up. Thing 2 hasn't done that yet (and, being that he's no longer an employee, they darn sure should have mailed it by now). - COMPLICATED MR. NOODLE
The ex filed her taxes around mid-February, and received a new W2 at the end of Feb/beginning of March from a former employer. She actually quit working there in Dec. 2013, but, apparently, they paid her once in 2014, so she was issued a W2. She wasn't expecting it, which is why she initially filed her taxes without it. After getting a refund, now she has to amend her taxes & send money back to both state & federal. - COMPLICATED MR. NOODLE
I'm still waiting on a bunch of 1099s, but plan to file my taxes without them (I'm reporting the income that will be shown on them, I just won't have their official business names or their employer ID numbers to put on my taxes). Since I won't have their EINs, I can't electronically file; I'll have to mail my return. - COMPLICATED MR. NOODLE
Oh, there are repercussions - they are way more likely to get audited if you report it. That said, they do encourage people to call the employer (or former employer) before filing. You can file a different form (they have details on the site) if the employer fails to get you one before the tax filing date. - Jennifer Dittrich