New hire reporting penalties

The penalty under 685(w) for failure to timely report newly hired employees or for failure to file a report showing the required information is $20, multiplied by the number of employees not reported or the number of false or incomplete reports filed. However, if the failure is a result of a conspiracy between the employer and employee, the penalty will be $450, multiplied by the number of employees not reported or the number of false or incomplete reports filed.