Minnesota W2 Form Printable – IRS Form W-2 details information about the gross salary of an employee, Social Security and Medicare pay as well as state and federal income tax withholding, and other deductions for taxes. This statement must be provided to employees by the employer for all who worked during the tax year of the company.
Printable W2 Form For Employers Form Resume Examples
This form must be completed by employees and then returned to the Social Security Administration by January 31st of the next year.
What Is Form W-2?
For income tax returns, employees are able to use the Form W-2 to declare income and withholding. The IRS and Social Security Administration (SSA) do not share the same information.
It must be filled for all workers whose income, Social Security, or Medicare taxes were withheld during the course of the calendar year. There is an exemption for those who claim they were exempted from withholding on W-4 forms. These forms should be provided to employers at the time they hired them.
Who uses Form W-2
The W-2 form can only be given to employees, and not freelancers or independent contractors. For information on income to these people it is necessary to utilize Form 1099-MISC. The majority of non-employees need to be provided with a 1099-MISC when you paid them more than $600 in the prior year.
Where can you find W-2 forms?
Forms for W-2 can be obtained from the local office supply shop, or from your CPA, or you can access them online through the IRS. You can also obtain W-2 forms from a variety of businesses tax preparation software.
How do you file Forms W-2?
W-2 forms as well as a W-3 form have to be submitted to SSA by Jan 31st of the following year. Jan. 31 is also the date for the W-2 forms to be distributed to employees. W-3 is a form that sends data to the SSA. It adds all the information on W-2 forms into one total.