W2 Tax Form For Unemployment – 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 must provide this statement to every employee employed by their business during the tax year.
Unemployment W2 Form 2014 Universal Network
This form must be completed by employees and returned to the Social Security Administration by January 31st of the following year.
What exactly is Form W-2?
For taxes on income, workers can use Form W-2 to report income and withholding. The IRS and Social Security Administration (SSA), however, share the same information.
The form must be completed for each worker whose income, Social Security, and Medicare taxes were withheld over the course of the year. If employees claim to be exempt tax withholding is not mandatory on W-4 forms they have to provide their employers in the hiring process.
Who is the person who uses Form W-2?
Form W-2 is provided to employees, not freelancers, independent contractors as well as other non-employees, like vendors. If you wish to provide the information on income to these people, you should use Form 1099–MISC. The majority of non-employees need to receive a 1099-MISC form if you’ve paid them $600 or more in the prior year.
Where can you get Forms W-2?
W-2 forms are available from your local office supply shop or through your CPA or online from IRS. Forms for W-2 can be found through a variety of tax preparation software.
How to Filing Forms W-2
W-2 forms must be submitted together with a W-3 form to SSA by the 31st of January. Jan. 31 is the deadline for employees to get W-2 forms. The form W-3 is a transmission document that is used to consolidate all information from the individual forms of W-2 into one total that can be used by the SSA.