W2 Statement Due Date Changes Discussed

February 5, 2018

House Bill 5091 changes the annual date by which a person must file an income tax withholding statement and an annual reconciliation return with the Michigan Department of Treasury from February 28 to January 31. The bill also requires returns or reports made by employers with 250 employees or more to be made electronically.

Moving the deadline back a month and increasing electronic filing is meant to combat identity theft and help reduce false tax filings. Approximately 30 states and the federal government have already made the change. This legislation is expected to move quickly and be signed into law before state lawmakers recess for summer.  

For more information on this legislation please contact Dan Papineau at dpapineau@michamber.com.