Information about Form W-2. A guide for employers to follow on preparing a W-2 for employees. Get deadline dates and common mistakes employers make when filling a W-2 out.
The IRS Form W-3, Transmittal of Wage and Tax Statements, is summary form (or cover sheet) for the Forms W-2 that are filed with it. Box b – Kind of Payer gives the IRS more information regarding the employer to the IRS. What is Form W-3? It’s used by the Internal Revenue Service (IRS) and … Read more
The end of the 2022 tax year means that the 2023 filing season is just around the corner! With our filing guide, you don’t have to spend endless hours laboring over getting your filings prepared and submitted to the IRS. Whether you’re brand new to filing or have been a doing this for a while, … Read more
It is important that you know what information you need before you begin preparing Form W-2. We’ve compiled the following 4 key topics in our Form W-2 Guide that may help you to correctly and timely complete your filing. What’s new for Form W-2? Maximum penalties have increased for tax year 2022. For those affected … Read more
The IRS Form W2 deadline is just around the corner. It’s important for employers to know what information is required before they begin preparing to efile W2 forms. BSO Changes The Social Security Administration (SSA) has recently made some big changes to the Business Services Online (BSO) portal. The BSO portal allows organizations, businesses, individuals, … Read more
IRS Penalties can happen for a variety of reasons, including forgetting to file, not filing by the deadline, not furnishing forms, or not offering coverage for ACA filing. IRS Penalties for ACA Forms Both types of ACA filings (B-series and C-series) require that the filer submit a return to the IRS, any applicable states, and … Read more
During every tax year, the same question arises, “Is this person an employee or a contractor?” The Employee Vs Contractor classification is a critical part of filing and must be correct when it’s time to file and distribute forms to recipients. Incorrect forms can lead to the business being liable for employment taxes for that … Read more
The end of the 2022 tax year means that the 2023 filing season is just around the corner! This guide was created to help you avoid missing the 2023 Form W-2 Deadlines. Basic Information When each tax year, or calendar year, comes to a close employers must ensure that they meet all IRS tax requirements … Read more
In addition to submitting your W-2 reporting to the Social Security Administration (SSA), you need to be aware of your state W-2 reporting requirements. What is Form W-2? Form W-2, Wage and Tax Statement, is used by employers to report employees’ annual earnings, federal, and state taxes withheld at the end of each calendar year. … Read more
The IRS authorizes businesses to furnish electronic copies of certain tax forms, instead of a paper copy. Electronic Form Delivery Benefits There are many benefits to E-Delivery: However, electronic form delivery isn’t as simple as just sending forms via email; there are extensive rules and requirements for it. Electronic Form Delivery Requirements The requirements … Read more
Does Wyoming Require State W-2 Reporting? No, Wyoming does not require state W-2 reporting. How Must Wyoming State W-2 Reporting be Filed? Not applicable. What are the Forms and Due Dates for Wyoming W-2 Reporting? Not applicable. What is the Responsible State Filing Agency? Wyoming Department of Revenue122 W. 25th Street, 2nd FloorCheyenne, Wyoming 82002-0110Phone: … Read more
Does Wisconsin Require State W-2 Reporting? Yes, Wisconsin does require state W-2 reporting only if there was state tax withholding. How Must Wisconsin State W-2 Reporting be Filed? Wisconsin accepts e-filing and paper filing. E-filing is required if you have 10 or more forms to file. What are the Forms and Due Dates for Wisconsin State … Read more
Is West Virginia State W-2 Reporting Required? Yes, West Virginia does require state W-2 reporting even if there was no state tax withholding. How Must West Virginia State W-2 Reporting be Filed? West Virginia accepts e-filing and paper filing. Electronic filing is required for filings with more than 25 forms. What are the Forms and Due Dates … Read more
Is Virginia State W-2 Reporting Required? Yes, Virginia does require state W-2 reporting even if there was no state tax withholding. How Must Virginia State W-2 Reporting be Filed? Virginia accepts e-filing and paper filing, however, all employers must submit Form VA-6 and any owed payments electronically. What are the Forms and Due Dates for Virginia State … Read more
Does Washington Require State W-2 Reporting? No, Washington does not require state W-2 reporting. How Must Washington State W-2 Reporting be Filed? Not applicable. What are the Forms and Due Dates for Washington W-2 Reporting? Not applicable. What is the Responsible State Filing Agency? Washington Department of RevenueP.O. Box 47450Olympia, WA 98504-7472Phone: (800) 647-7706 What about … Read more
Does Vermont Require State W-2 Reporting? Yes, Vermont does require state W-2 reporting even if there was no state tax withholding. How Must Vermont State W-2 Reporting be Filed? Vermont accepts e-filing and paper filing. What are the Forms and Due Dates for Vermont State W-2 Reporting? In addition to the Form W-2, Vermont requires Form WHT-434, Annual … Read more