Staring in 2017 and the reporting year for 2016, filing deadlines for Forms W-2, W-3, and 1099-MISC will be changed. Filers will be required to send in all copies of these forms by January 31. In the case of 1099-MISC forms, this will apply only to filers reporting nonemployee compensation payments in box 7.
In the past, the deadline for providing these forms was January 31 and the deadline to submit them to the IRS was February 28 or March 31, depending on whether the forms were filed electronically. From this reportable year on, however, these forms must be sent to the IRS by no later than January 31. This will put a significant time constraint on business, further compounded by the fact that the IRS will no longer offer an automatic 30-day extension for the W-2 and W-3 forms.
This is a very serious change and all business and tax professionals should be advised to take this into account for the coming tax season. If you are handling these types of forms, be sure to follow these new deadlines.
For more information about this change, check this article from Greatland. The IRS website also has some information on the matter.