Illinois W2 Form Printable – IRS Form W-2 contains information about the gross wages of employees, Social Security and Medicare payments, federal and state income tax withholdings, and other deductions related to taxes. Employers must give this statement to each employee employed by the business during the year of tax.
Form IL W 4 Employee S Illinois Withholding Allowance
The employee has to fill out the form and submit it to the Social Security Administration before January 31, 2012.
What is Form W-2?
To file taxes on income, employees are able to use the Form W-2 to report income as well as withholding. The IRS and Social Security Administration (SSA), however, have the same information.
The form must be filled out for every worker whose earnings, Social Security and Medicare taxes were withheld during the previous year. An exception exists for employees who’ve claimed that they are exempt from withholding on the W-4 forms that they must have given to their employers at the time of hiring.
Who uses Form W-2?
Employees are not qualified for W-2. This is for freelancers, independent contractors and any other non-employees like vendors. It is recommended to use Form 1099-MISC instead to report income to these individuals. The majority of non-employees need to be provided with a 1099-MISC when you paid them $600 or more in the previous year.
Where can you find W-2 forms?
W-2 forms are available at your local office supply shop, through your CPA or online from IRS. You can also obtain W-2 forms from a variety of businesses tax preparation software.
How to Filing Forms W-2
Forms for W-2 as well as a W-3 form have to be sent to SSA on or before January 31st of the next year. Jan. 31 is also the date for the W-2 forms to be distributed to employees. Form W-3 is a transmission form used to add up the details on individual W-2 forms to create a total for the SSA