W2 Tax Form Online – IRS Form W-2 gives details about the employee’s gross wages, Social Security, Medicare and federal tax withholdings. The form also lists the tax-related deductions. This form must be provided to every employee who was employed during the tax year by the employer.
Understanding 2015 W 2 Forms
The employee has to fill out the form and submit it to the Social Security Administration before January 31, 2012.
What Is Form W-2?
Form W-2 provides information on income and withholding to employees for their tax returns for income, and it also provides similar details to the IRS as well as the Social Security Administration (SSA).
It must be filled for all workers who’s earnings, Social Security, or Medicare taxes were withheld during the period of the calendar year. An exception exists for those who claim to be exempt from withholding tax on the W-4 forms they should have given to their employers at the time of hiring.
Who is the person 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. You would prefer to use Form 1099-MISC to provide income information to those individuals. Form 1099-MISC is required for all non-employees who have paid you $600 or greater in the preceding year.
Where can you find forms W-2
W-2 forms are available from the local office supply store, from your CPA or on the internet from IRS. W-2 forms are also available from most tax preparation software.
How to File Forms W-2
Forms for W-2, as well as a W-3 form, must be sent to SSA by January. 31 of the following year. The deadline for giving W-2 forms to employees is January. 31. The form W-3 is a transmittal document that is used to consolidate all information from individual W-2 forms into a total that can be used by the SSA.