W2 Form Army – IRS Form W-2 provides information regarding the gross wage of an employee, Social Security, Medicare and federal income tax withholdings. It includes the tax-related deductions. Employers are required to provide this form to every employee employed by their company during the tax year.
Wisconsin W2 Form New W 2 Form Definition 10 Power
The form should be distributed to employees and then submitted to the Social Security Administration no later by January. 31 of the following year.
What exactly is Form W-2?
The W-2 form is used to provide information on income and withholding for employees in order to complete their tax returns. The form also provides the exact same information to the IRS and the Social Security Administration.
It must be filed for every worker from whom the income tax, Social Security, and Medicare taxes were withheld over the the year. There is an exception for those who claim they were exempted form withholding on W-4 forms. These forms should have been provided to their employers at the time they hired them.
Who uses Form W-2?
Employees aren’t eligible for Form W-2. This applies to independent contractors, freelancers as well as other non-employees such as vendors. It is recommended to prefer to use Form 1099-MISC to provide income information to those individuals. If you have paid more than $600 to them in the past year, the majority of non-employees would require the 1099MISC form.
Where can I find forms W-2?
You can get W-2 forms at your local office supply store, from your CPA or download them from the IRS. W-2 forms are also available from most tax preparation software.
How to file forms W-2
Forms for W-2 must be sent together with a W-3 to SSA no later that January 31st. Jan. 31 is also the deadline for W-2 forms being given to employees. Form W-3 is a transmission form used to add up the details on individual W-2 forms into an overall total to be used by the SSA