Penalties for failure to distribute W2 and 1099 forms

Josh Nowack

December 2, 2015

The Employment Development Department (EDD) reminds employers that they must provide employees with a federal Wage and Tax Statement (Form W-2) by January 31 (unless the due date falls on a Saturday, Sunday, or legal holiday, in which case the due date is extended to the next business day) pursuant to Cal. Unemp. Ins. Cd. § 13050 . Failure to provide a Form W-2 to each employee, or furnishing false or fraudulent statements, is subject to a penalty of $50 for each such failure. In addition, failure may result in a penalty based upon the unreported remuneration for personal services multiplied by the maximum rate. (EDD Tax Branch News No. 281, 11/30/2015.)



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How to drive your business into the ground

Josh Nowack

January 7, 2017

From time to time, clients will ask me to check out investment opportunities.  And for avoidance of doubt, I do so not to recommend an investment and certainly not to sell investments....


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