Feb. 3, 2004 – Louis Willis, director of the Internal Revenue Bureau, said in a release issued on Tuesday that V.I. employees were required to provide W-2VI forms for 2003 employment to their employees by Monday.
The Virgin Islands Wage and Tax Statement forms are normally due on Jan. 31, Willis said, but that date fell on Saturday, so Monday was the effective legal date.
The Feb. 3 release quoted Willis as saying that "Failure to provide an employee with Form W-2VI by Feb. 2 will result in a civil penalty of $50, and in certain cases criminal penalties may also apply."
He also said that Form W-3SS (Transmittal of Wage and Tax Statements) must be used for the electronic transmitting of such information, rather than Form W-3, which is for use within the Internal Revenue Service system.
For additional information about electronic transmitting, call Granville Smith at 774-5865, ext. 2251. Inquiries regarding W2-VI and W-3SS forms should be directed to the IRB chief counsel at 714-9312 or 774-5865, ext. 2249.
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