W-2 Form


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W-2 Form

A form that an employer provides an employee each year indicating the employee's wages, salary, and/or tips and the amount of tax withheld over the course of the year. This helps the employee calculate his/her income tax liability. The W-2 form is the most common tax form in the United States, and every employer is required to provide it to every employee. See also: W-4 Form.
References in periodicals archive ?
Workers who earn a salary or hourly wages get a W-2 form from their employer at the end of the year and use that information to fill out their federal income tax returns.
The employer must provide the benefit information on an employee's W-2 form.
Families with financial know-how - or who employed an accountant - could estimate with some degree of accuracy the numbers needed for the FAFSA, even if they didn't have a W-2 form, and file an amended form later - allowing them to file early and jump to the head of the grant line.
Priced from only $39 for the single user version, the new W-2 Form correcting software combines versatility in features with affordability depending on what features your business requires.
Proof of Texas residency may include a Texas address on a Texas driver's license; a voter registration card reflecting a Texas address; a federal income tax return declaring Texas as the state of residence; or a W-2 form indicating Texas as the state of residence.
What if the Bar requires that members file a W-2 form along with their Bar fees?
The money must be reported on an employee's W-2 form at the end of the year.
Under federal law, employers are required to record reported tips on an employee's W-2 form, and the employees are required to report their tips to their employer.
If they don't know what a W-2 form is, that's a red flag.
For example, an incorrect W-2 health care value report will result in a $100 penalty per W-2 form with a maximum penalty of $1.
In that time, what started as a simple 1099 and W-2 form preparation program has blossomed into a robust tax/payroll preparation suite without pricing itself out of the game.
Under current law, any amount that a volunteer firefighter receives, whether in the form of a property tax benefit or payment must be reported on a W-2 Form as wages and is subject to taxation.