TaxBandits supports the filing of Form W-2 with both the Federal and State of Michigan.
A. Yes. You are required to file Form 5081 as part of your W2 filing.
A. Form 5081 is an annual reconciliation used to report wages and taxes withheld from employee paychecks.
A. The filing due date for both is January 31st.
A. The state of Michigan accepts both e-filing and paper filing for Form W-2.
A. TaxBandits supports the Form W-2 e-filing but does not support e-filing Form 5081.
A. Late-filing penalties in the state of Michigan 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 Form W2 late filing penalties by visiting https://www.taxbandits.com/w2-forms/form-w2-penalty/.