On 1/24/2022 6:45 PM, Adam H. Kerman wrote:
Wilson <nowhere@nearyou.com> wrote:
So, I'm working on closing out a small Sch. C business that had no employees >> or income in 2021. I know there is a provision on the 943 to mention that
this is the businesses last year.
Wondering if there is a requirement to file a blank W-3 and/or W-2? First
time that I've done this.
If you paid $600 or more in wages, file W-2 and W-3. If you under the threshold and were not required to withhold payroll taxes, do not file.
W-3 is NEVER filed without W-2; it's just the transmission sheet.
Thanks Adam. It's the reporting that the business has closed that got me.
But, I was also thinking that with out taxes due, there is almost never a penalty for late filing.
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