As a reminder, businesses must file their employee W-2 information with both the Department of Revenue and the Internal Revenue Service (IRS) by the January 31, deadline. The filing deadline to submit 2017 tax returns is Tuesday, April 17, 2018, rather than the traditional April 15 date. In 2018, April 15 falls on a Sunday, and the following Monday is a holiday in the District of Columbia.
Reminders for both individuals and businesses:
Individuals:
- DOR will begin processing 2017 individual income tax returns on February 1, 2018.
- It may take more than 90 days from the date of receipt by DOR to process a return and issue a refund.
- All first-time Georgia income tax filers, or taxpayers who have not filed in GA for at least five years, will receive their refund in the form of a paper check.
Businesses:
- Businesses must file employee W-2 information with DOR by January 31.
- Employers who file late may face penalties, and will slow the processing of their employees’ tax returns.
“Combatting tax fraud is especially important considering the amount of personal information that has been compromised over the past few years with several large-scale data breaches,” said DOR Commissioner Lynne Riley, “Receiving employee W-2 information from businesses by January 31, greatly increases the Department’s confidence when issuing individual income tax refunds.”
Source: Georgia DMV