Vermont W2 Form Printable – IRS Form W-2 gives details regarding the gross wage of an employee, Social Security, Medicare and federal income tax withholdings. The form includes the tax-related deductions. This statement must be given to each employee who worked during the tax year by the employer.
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The form should be filled out by employees and returned to the Social Security Administration by January 31st of the following year.
What exactly is Form W-2?
The W-2 form is utilized to give income and withholding information for employees in order to prepare their income tax returns. The form also provides the exact same information to the IRS as well as the Social Security Administration.
The form should be filled out by each worker whose income, Social Security or Medicare taxes were withheld. There is an exception for employees who’ve claimed that they are exempt from withholding on the W-4 forms that they must have provided to their employers at the time of hiring.
Who uses Form W-2
Form W-2 is provided to employees, but not independent contractors, freelancers as well as other non-employees, such as vendors. To provide income information to these people it is necessary to utilize Form 1099-MISC. If you have paid $600 or more to them during the previous year, the majority of non-employees would need to receive a 1099MISC form.
Where can I get forms W-2
W-2 forms can be obtained from the local office supply store or through your CPA or online from IRS. W-2 forms can be obtained through a variety of tax preparation software.
How do I file W-2 forms?
Forms for W-2 and a W-3 form must be sent to SSA by Jan 31st of the following year. The deadline for distributing W-2 forms to employees is January. 31. The W-3 form is a transmittal document that is used to consolidate the information on the individual forms of W-2 into one total that can be used by the SSA.