New Mexico W2 Form Printable – IRS Form W-2 provides information on employees’ gross pay, Social Security and Medicare payments, federal and state income tax withholdings, and other deductions related to taxes. Employers must provide this statement to each employee employed by their company during the tax year.
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The form should be distributed to employees and submitted to the Social Security Administration no later than January. 31 of the following year.
What Is Form W-2?
Form W-2 is used to provide income and withholding information to employees for their income tax returns and provides similar details to the IRS and the Social Security Administration (SSA).
The form should be filled out by each worker whose income, Social Security or Medicare taxes were withheld. There is an exception for those who claim that they are exempt from withholding tax on the W-4 forms they should have given to their employers at the time of hiring.
Who is using Form W-2?
Employees aren’t eligible for Form W-2. This applies to freelancers, independent contractors and any other non-employees like vendors. For income information those who are employees would use Form 1099-MISC. Non-employees must get a 1099-MISC when they have received $600 or more during the previous year.
Where can you find forms W-2
You can get W-2 forms from the local office supply shop, or from your CPA or download them through the IRS. W-2 forms can also be obtained from a variety of business tax preparation companies.
How to file forms W-2
Forms for W-2 must be sent along with a W-3 form to SSA by the 31st of January. The deadline is January 31 to give W-2 forms out to employees. The form W-3 is a transmission document used to combine all information from individual W-2 forms into one total that can be used by the SSA.