Wyoming W2 Form Printable – IRS Form W-2 provides information regarding the gross wage of an employee, Social Security, Medicare and federal tax withholdings. The form also lists the tax-related deductions. Employers are required to provide this form to every employee who worked for the business during the year of tax.
28 Blank W2 Form 2016 In 2020 W2 Forms Payroll Software
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?
For taxes on income, workers are able to use the Form W-2 to report income as well as withholding. The IRS and Social Security Administration (SSA), however, share the same information.
It must be completed for each worker whose income, Social Security and Medicare taxes were withheld during the year. There is an exemption for those who claim they were exempted from withholding on W-4 forms. The forms must have been provided to their employers when they hired them.
Who uses the Form W-2
The W-2 form is only provided to employees and not freelancers or independent contractors. For income information, these people would prefer Form 1099-MISC. If you have paid $600 or more to them during the previous year, most non-employees will need to receive a 1099MISC form.
Where can you get W-2 forms?
W-2 forms may be purchased at your local office supply or from your CPA. You can also access them online through the IRS. W-2 forms can also be obtained from a variety of business tax preparation companies.
How to file Forms W-2
W-2 forms along with a W-3 must be submitted by SSA no earlier than January 31st of the following calendar year. January 31 is the deadline to give W-2 forms out to employees. Form W-3 is a transmittal form used to add up the details on individual W-2 forms to create an overall total for the SSA