Miss the IRS Feb. 2 deadline? W-2 and 1099-NEC penalties start at $60 per form
U.S. employers face a February 2 deadline to provide W-2s and 1099-NEC forms for 2025 payments. IRS penalties for late or incorrect filings start at $60 per form and can reach $680 for intentional disregard. New e-filing mandates now apply to more small businesses, increasing demand for IRS and third-party filing platforms.