As long as you transmitted, or attempted to transmit the W-2 before the deadline, it will be considered as filed on time. Moreover, the IRS does not take action against small businesses that submit a W-2 filing late. If the W-2 recipient is anxious for the form, you could go ahead and send them a copy. If the W-2 is still "processing", you may want to cancel and resubmit.
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