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.

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Also, Forms W-2 and W-2c electronic and paper wage reports for household employers will be returned under the following conditions:

Greatland Helps Small Businesses Navigate Upcoming Changes to W-2, 1099 Forms

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.

Health care reform marks second anniversary, additional guidance issued

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.

W-2 health insurance reporting detailed

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.

Current matters: IRS audits; foreign and domestic info reporting relief

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.

Form W-2 reporting requirement extended for employer-sponsored group health plans

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.

Trends in 401(k) and IRA contribution activity, 1999-2002--results from a panel of matched tax returns and information documents

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.

Employment tax and reporting treatment of differential payments to active duty reservists

Other features include: electronic filing of forms W-2 and 1099-Misc, calculation and reporting of backup withholding, and password protection of client data.

Industrial Strength Payroll, v.1.21

prints Forms W-2 /W-3, and Schedule-H [Household Employment Taxes]; and

It's Tax Time - Need Help with Your Household Employee Taxes?

W2 Mate also complies with the federal W2 reporting rules by supporting the 2013 "Filing Forms W-2 Electronically (EFW2)" format.

W2 Mate Updates 2013 W2 Electronic Filing for Massachusetts, Michigan, Oregon Pennsylvania, and More States

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.

Understanding form 1098-T

The IRS is using information reported on Forms W-2, Wage and Tax Statement, to more effectively identify employees with withholding compliance problems.