W2 Form ADP Printable – IRS Form W-2 contains information about the gross wages of employees, Social Security and Medicare payments as well as federal and state income tax withholdings, and other deductions related to taxes. This statement must be provided to employees by the employer for all who were employed during the tax year of the company.
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The form must be provided to employees and then submitted to the Social Security Administration no later by Jan. 31 of the following year.
What exactly is Form W-2?
Form W-2 is used to provide information on income and withholding to employees in order to fill out their income tax returns, and it provides the same information to the IRS as well as the Social Security Administration (SSA).
It must be filed for each worker whose income, Social Security, and Medicare taxes were withheld over the the year. Employees who claim to be exempted from withholding on W-4 forms that they must have provided to their employers prior to the time for hiring are exempt.
Who uses Form W-2?
For those who are not independent contractors, freelancers or any other non-employees. Form W-2 is provided to employees. You would use Form 1099-MISC instead to report income to those people. Non-employees must get a 1099-MISC when they earned $600 or more in the preceding year.
Where to get Forms W-2
You can get W-2 forms at the local office supply shop, or from your CPA, or you can access them online from the IRS. You can also obtain W-2 forms from most business tax preparation programs.
How to Filing Forms W-2
W-2 forms as well as a W-3 form have to be sent to SSA on or before January 31st of the following year. The deadline for distributing W-2 forms to employees is Jan. 31. The form W-3 sends data to the SSA. It adds all the information on W-2 forms into one total.