Michigan W2 Form Printable – IRS Form W-2 details information about an employee’s gross pay, Social Security and Medicare pay, federal and state income tax withholding, and other deductions for taxes. This form must be provided to each employee who worked in the tax year, by their employer.
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The form should be distributed to employees and submitted to the Social Security Administration no later by January. 31 of the following year.
What is Form W-2?
For employees to use in their tax returns for income Form W-2 provides them with income and withholding information. The form also gives similar information to the IRS (and the Social Security Administration (SSA)).
The form must be filled out for every worker whose earnings, Social Security and Medicare taxes were withheld in the year. There is an exemption for employees who claimed they were exempted from withholding forms on the W-4. The forms must have been provided to their employers at the time they hired them.
Who uses the Form W-2
Form W-2 is distributed to employees, but not independent contractors, freelancers, and other non-employees such as vendors. To provide income information to them, you would utilize Form 1099-MISC. The majority of non-employees need to receive a 1099-MISC form if you paid them more than $600 in the prior year.
Where can you find W-2 forms?
Forms for W-2 can be obtained at your local office supply shop, or from your CPA, or you can access them online from the IRS. Forms for W-2 can be found through a variety of tax preparation software.
How to file Forms W-2
Forms for W-2 must be sent along with a W-3 to SSA no later that the 31st of January. Jan. 31 is also the date for the W-2 forms to be distributed to employees. Form W-3 is a transmittal form that is used to combine the details on the individual W-2 forms to create a total to be used by the SSA