W2 Tax Form Military – IRS Form W-2 provides information on the gross salary of an employee, Social Security and Medicare pay, federal and state income tax withholdings, as well as other deductions for taxes. Employers are required to provide this form to each employee who worked for the business during the year of tax.
Wisconsin W2 Form New W 2 Form Definition 10 Power
The employee must complete the form and submit it to the Social Security Administration before January 31st, 2012.
What Is Form W-2?
To be used by employees on their income tax returns Form W-2 provides them with income and withholding information. It also provides similar information to both the IRS (and 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. There is an exemption for employees who claimed they were exempted from withholding on W-4 forms. The forms must have been provided to their employers when they hired them.
Who uses Form W-2
Employees are not eligible for Form W-2. This is for independent contractors, freelancers and any other non-employees like vendors. For income information, these people would prefer Form 1099-MISC. The majority of non-employees need to receive a 1099-MISC form if you paid them $600 or more in the prior year.
Where to get Forms W-2
Forms for W-2 can be obtained from your local office supply shop, from your CPA or download them through the IRS. You can also get W-2 forms from a variety of businesses tax preparation software.
How to File Forms W-2
Forms for W-2 and W-3 forms must be filed by SSA not later than January 31st of the following calendar year. January. 31 is also the date for the W-2 forms to be distributed to employees. Form W-3 is a transmittal form that is used to combine all the information on the individual W-2 forms to create an overall total to be used by the SSA