TaxBandits supports the filing of Form W-2 with both the Federal and State of Massachusetts.
A. Yes. You need to file Form M-3 as part of your W2 filing.
A. Form M-3 is an annual reconciliation used to report wages and taxes withheld from employees’ paychecks.
A. The filing due date for both is January 31st.
A. The state of Massachusetts accepts both e-filing and paper filing.
A. TaxBandits supports the W2 Form online filing, but does not support e-filing M-3.
A. Late-filing penalties in the state of Massachusetts are based on the amount of tax liability and the amount of tax paid late. The minimum penalty is $10 and each penalty will not exceed 20 percent. You will also be penalized if your Federal Form W2 is filed late. Learn more about the late Form W2 filing penalties by visiting https://www.taxbandits.com/w2-forms/form-w2-penalty/.