2021 Printable W-2 – IRS Form W-2 gives details about the employee’s gross wages, Social Security, Medicare and federal tax withholdings. The form also lists any tax-related deductions. This form must be provided to every employee who was employed in the tax year, by the employer.
W2 Form 2021 W 2 Forms TaxUni
The employee has to fill out the form and submit it to the Social Security Administration before January 31st, 2012.
What exactly is Form W-2?
The Form W-2 is used to provide information on income and withholding for employees in order to prepare their income tax returns. It also gives the exact same information to the IRS as well as the Social Security Administration.
It must be filed for each worker whose the income tax, Social Security, and Medicare taxes were withheld during the course of the year. For employees who claim to be exempt, withholding is not required on W-4 forms they must have given to their employers in the hiring process.
Who uses Form W-2?
Employees are not eligible for Form W-2. This is for independent contractors, freelancers as well as other non-employees such as vendors. To provide income information to them it is necessary to use Form 1099 -MISC. Most non-employees must be provided with a 1099-MISC if you paid them more than $600 in the previous year.
Where can I get forms W-2?
Forms for W-2 can be obtained at the local office supply shop, or from your CPA or access them online from the IRS. W-2 forms can also be obtained from a variety of business tax preparation companies.
How to File Forms W-2
W-2 forms along with W-3 forms must be filed by SSA not later than January 31 of the next calendar year. The deadline is January 31 to give W-2 forms out to employees. Form W-3 is a transmittal form used to add up the details on the individual W-2 forms to create a total for the SSA