W2 Printable Form – The IRS Form W-2 contains information about gross pay, Social Security, Medicare, Federal and State income taxes withholdings, and other tax-related deductions. Employers must give this statement to each employee employed by the company in the year of tax.
You Will Never Believe Realty Executives Mi Invoice
This form must be completed by employees and then returned to the Social Security Administration by January 31st of the next year.
What exactly is Form W-2?
Form W-2 provides income and withholding information to employees for their income tax returns and provides similar details to the IRS and the Social Security Administration (SSA).
It must be completed for each worker whose income, Social Security and Medicare taxes were withheld during the previous year. An exception exists for those who claim that they are exempt from withholding on the W-4 forms they should have provided to their employers at the time of hiring.
Who uses Form W-2?
For those who are not independent contractors, freelancers or any other non-employees. Form W-2 is given to employees. If you wish to provide income information to these individuals, you should utilize Form 1099-MISC. Form 1099-MISC must be filed for every employees who paid you $600 or greater during the previous year.
Where to Get Forms W-2
You can get W-2 forms from the local office supply store, or from your CPA or download them through the IRS. Forms for W-2 are also accessible from most tax software for tax preparation.
How to file Forms W-2
W-2 forms as well as a W-3 form have to be submitted to SSA by Jan 31st of the following year. The deadline for distributing W-2 forms to employees is January. 31. W-3 is a form that transmits information to the SSA. It combines all the information on W-2 forms into one total.