Filing Late W$-2$ Forms A new employer with approximately $20$ employees decided to save money by doing his own payroll. This employer had received much advice from friends regarding outsourcing payroll, but since he had taken several accounting courses in college, he thought he could save money and handle the task. This employer actually did very well with the payroll calculations and check distributions, but he was not familiar with all the legalities regarding payroll and made what could be a costly error. His business was in full swing during the last and first quarters of every calendar year, so he did not take the time to complete the necessary steps to assure timely distribution of the W$-2$ forms. In fact, he was more than $60$ days late distributing the forms. He is now told that he could possibly be fined a quite stiff penalty fee for this action. Is there anything he can possibly do to avoid the penalty?