Don't cut corners in 2020. Experts warn that just writing "20" on cheques or contracts might expose you to fraud. Auditors and attorneys around the country are recommending consumers to fill out the entire year when writing the date. It's not only the safest option, it is required by law in some countries.
An alternative form of writing 2020 is using the Roman numeral IIII. This format is commonly used by economists to indicate the end of an economic period (e.g., recession or depression). The Roman numerals can be added after the year as a suffix.
In mathematics, 2020 is the second year of the 21st century (not including itself). That makes it an even number. Since 1900 was a leap year, then so too will be 2020 be a leap year. Leap years occur when exactly 365 days pass without any single day being a Sunday; this occurs approximately every four years. As for the rest of the time, it is either a Saturday or a Sunday.
It is also worth mentioning that there is no such thing as a wrong month. Month names are simply labels that identify the periods within the annual cycle, so they can be changed or moved at will by convention or administration. The only requirement is that they must be used consistently - never more than one month per year is incorrect.
Authorities advise that abbreviating "2020" on papers may expose you to fraud. The new year has barely begun, bringing new opportunities for document forgers. Authorities advise that reducing "2020" to just "20" may expose you to fraud. These forgeries can be difficult to detect unless you have knowledge of how real 2020 paper is made.
In addition, abbreviating "2020" on papers will make them harder to find in the office filing system. If you have an active file when writing off "2020," you should keep the year intact. Otherwise, you might as well write it off as 2099 since it is impossible to find any records of it.
Finally, abbreviating "2020" on your tax return will put you at risk of audit. The IRS disallows such filings because they cannot be verified as being from a valid source. Abbreviating "2020" on your tax return will cause it to be rejected before it reaches anyone who could review it properly.
If you have 20-20-20 written down, that's okay. But be careful not to leave any gaps in dates or numbers, especially when writing off items on your taxes. It's better to be safe than sorry!
Writing "1/1/2020" instead of "1/1/20" prevents people from adding numbers to the end, converting the date to "1/1/2019" or "1/1/2021."
Writing only the last two digits creates a problem for those who use leeway dates. If they enter "01/01/" instead of "01/01/20," their computer will not be able to distinguish between a real date and a leeway date.
People who use leeway dates should make sure that they tell their employer how they want their leeway dates calculated. If they don't, their employers may assume that they want their leeway dates counted as regular days off rather than as actual holidays.
Some companies allow employees to add more information into the year field such as job titles, extra hours worked, etc. This is optional information that has no effect on an employee's pay or benefits. Including it can help employees look back on their years with their employer in the future.
The year field is also used for tax purposes. For example, if an employee receives $10,000 in wages this year, he or she would report the amount on Form W-2.