The article reports on the new code for stock options form W-2 issued by the U.S. Internal Revenue Service (IRS). The IRS has announced that employers will use a new code in box 12 of the 2001 form W-2. Box 12 states the amount of benefits includable as wages on which the ...
You would write D | 1,000.00 in Box 12. W-2 Box 13: Checkboxes Box 13 should not include values. Instead, mark the boxes that apply. There are three boxes within Box 13: Statutory employee Retirement plan Third-party sick pay For example, if you entered Box 12 code D to show the ...
This box has a 15-character limit. If you're exporting your payroll data to ADP, they enforce a 10-character limit. Box 15 Box 16 Box 17 Box 18 Box 19 Box 20 Form W-2 Box 12 Balances The ORA_HRX_US_W2_BOX_12 lookup code contains the following Box 12 balance info. Code A Code...
Note:Make sure that the Retirement plan checkbox in box 13 is marked if you’ve entered any of the following codes in box 12: D, E, F, H, and S. Code AUncollected social security or RRTA tax on tips (include this tax on Form 1040). ...
Box 12 — Codes Include up to 4codeson a single W-2 form. For more codes, you’ll need another W-2 form. Put code on the left of the line, and the amount on the right. The code letter does not relate at all to the box’s letter in Form W-2. For example, you can insert...
Box 12: Reports several different types of compensation and benefits. If applicable, this box will indicate a single or double letter code followed by a dollar amount. Box 13: Your employer checks the applicable box that pertains to you as an employee. Statutory employee means employees whose...
This is reported in Box 12, with Code DD. This does not mean that the coverage is taxable—the reporting is for informational purposes only and is intended to provide employees (and the government) information on the value of coverage. While this requirement has been in place since 2014, ...
The Federal Taxable Wages reported in Box 1 (Wages, Tips, and Other Compensation) on the Form W-2 is generally the same amount reported as the Federal Taxable Gross on your final paycheck/advice statement for calendar year 2014.2. Explaining Form W-2 wage reporting differences:Social Security...
Box 12: Box 12 has four individual spaces labeled 12a, 12b, 12c, and 12d. There is no official title. According to the instructions, these fields are for different codes. An employer may need to use more than one of the boxes. 12a reflects uncollected social security or RRTA tax on to...
In Box 12, provide for any deferred compensation information. Usually, there are instructions for filling out the W-2 form along with the document. There is an explanation for each code in this box. You may also need extra information to complete the deferral tax returns. ...