Also, Forms W-2
and W-2c electronic and paper wage reports for household employers will be returned under the following conditions:
In preparation for this reporting requirement, governmental plan sponsors should consider whether their service providers have the capability to calculate, track, and report the cost of health-care coverage on the Forms W-2
that will be issued in January 2013, or whether changes are necessary.
Notably, employers are not required to report costs for any calendar year if they were required to file fewer than 250 Forms W-2
for the preceding calendar year.
Notice 2010-69 made this reporting optional for all employers for 2011 Forms W-2
, which generally would be given to employees in January 2012.
In Notice 2010-69, the IRS announced that employers will not be required to report the cost of employer-sponsored coverage on Forms W-2
, Wage and Tax Statement, issued for 2011, due to the difficulty in preparing payroll systems for the requirement.
By combining individual tax returns (Form 1040) and information returns (such as Forms W-2
and 5498) in one panel database, the Statistics of Income (SOI) Division has made it possible to study trends in contributions by individual taxpayers over time to Individual Retirement Arrangements (IRA's), as well as the participation in other types of retirement plans.
Furthermore, even if voluntary withholding is not elected by the military member, the employer may report the differential payments on Forms W-2
in Box 1 as opposed to reporting the payments on Forms 1099-MISC.
Other features include: electronic filing of forms W-2
and 1099-Misc, calculation and reporting of backup withholding, and password protection of client data.
prints Forms W-2
/W-3, and Schedule-H [Household Employment Taxes]; and
W2 Mate also complies with the federal W2 reporting rules by supporting the 2013 "Filing Forms W-2
Electronically (EFW2)" format.
While student employees' wages are usually captured appropriately on Forms W-2
, the academic world contains many shades of gray between earned compensation and scholarships based on academic merit or financial need.
The IRS is using information reported on Forms W-2
, Wage and Tax Statement, to more effectively identify employees with withholding compliance problems.