700.15 - HR-Payroll Policy - W-2 Wage and Tax Statements
Policy Area: HR/Payroll
Policy Sub Area: Payroll
Authority: G.S. 143B-426.39 Powers and Duties of the State Controller
Effective Date: 7/1/2007
Last Revision Date: N/A
Policy Owner/Division: HR-Payroll
Policy
All State entities, shall issue accurate W-2 Tax and Wage Statements as mandated by federal and state regulations.
G.S. 143B-426.39 Powers and Duties of the State Controller
Procedures
According to the IRS Topic 752, employers are to furnish copies B, C, and 2 of Form W-2 to employees by January 31, unless January 31 is a Saturday or Sunday. If January 31 is a Saturday, February 2 is the furnish date and if January 31 is a Sunday, February 1 is the furnish date. If an employee stops working for the employer before the end of the year, the employer must give the former employee the W-2 any time prior to January 31, but no later. If requested by the employee, Form W-2 must be furnished within 30 days of the final wage payment, whichever is later.
Accounting Guidance
N/A
Related Documents (Memos/Forms)
G.S. 143B-426.39 Powers and Duties of the State Controller
IRS Publication 15 Circular E and IRS Topic 752-Form W-2 – Where, When, and How to File
Revision History
- None to date