Printable W2 Tax Form – IRS Form W-2 provides information on an employee’s gross pay, Social Security and Medicare pay as well as state and federal income tax withholding, and other deductions for taxes. This form must be provided to each employee who worked during the tax year by the employer.
What Is A W 2 Form Tips For Employers On Completing Tax
The employee must complete the form and return it to the Social Security Administration before January 31, 2012.
What exactly is Form W-2?
Form W-2 is used to provide information on income and withholding to employees for their tax returns for income and provides the same information to the IRS as well as the Social Security Administration (SSA).
It must be completed for every worker whose earnings, Social Security and Medicare taxes were withheld during the previous year. There is an exception for employees who claimed they were exempted form withholding on W-4 forms. The forms must be provided to employers at the time they hired them.
Who is using Form W-2?
For those who are not independent contractors, freelancers or any other non-employees. Form W-2 is provided to employees. For information on income those who are employees would use Form 1099-MISC. If you’ve paid more than $600 to them during the previous year, the majority of non-employees would need to receive a 1099MISC form.
Where can you get forms W-2
W-2 forms can be obtained from your local office supply shop, from your CPA or on the internet from IRS. You can also get W-2 forms from a variety of business tax preparation programs.
How to File Forms W-2
W-2 forms must be submitted 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 W-3 form is a transmittal document that is used to consolidate the information on individual W-2 forms into a total which can then be utilized by the SSA.