The W-2 form you receive from your employer each year is fairly straightforward but there are some things about the form you may be interested to know. Watch this video to learn more about the key information on Form W-2. TABLE OF CONTENTS Video transcript: Video transcript: ...
Boxes 7-8:If any income is in the form of tips, these boxes show how much was reported and subject to tax. Box 9:This box was used to reflect a now-defunct tax perk, so it is left empty. Box 10:Reports how much an employee received from their employer in dependent care benefits ...
According to the Internal Revenue Service, there's a firm deadline of January 31st for employers to send out W-2 forms to their employees. So, by the end of January, your W-2 form should be either headed your way in the mail or available for electronic delivery. IMPORTANT DEADLINE: WH...
the employee should ask the employer to provide it. According to the IRS, if the employer does not send the form to the employee by Feb. 15, the employer should ask the IRS to demand the form from the employer. The IRS will then step in and tell...
Retirement plan means you participated in your employer’s retirement plan during the year. Third-party sick pay means you received sick pay under your employer’s third-party insurance policy. Box 14: Reports anything that doesn’t have a specific box anywhere else on Form W-2. Box 15: In...
You’re ready to file your taxes — except for one thing: You’re still awaiting an IRS Form W-2 from an employer. If you haven’t received your W-2, filing without it could delay the processing of your return — and the arrival of any refund. Keep in mind that if you work for...
It reminds employers that, for Forms W-2 issued for the year 2003 and subsequent years, compensation resulting from employer provided nonstatutory stock options must be identified and reported in Box 12 of Form W-2 using Code V.McCabeMorrison&...
If you do not have an Employer Identification Number, apply for an EIN before filing Form W-2. Then, mark “Applied For” in Box B. W-2 Box C: Employer’s name, address, and ZIP code Box C further identifies your business by listing your company’s name and address. Use your ...
A W-2 tax form shows important information about the income you’ve earned from your employer, amount of taxes withheld from your paycheck, benefits provided and other information for the year. You use this form to file your federal and state taxes.
There are boxes named A, B, C, and so on, and boxes with numbers. We will follow a specific order when filling out the form, so please stick to that order. 1. Enter the employee’s SSN The employer has to fill in the Social Security Number of the subject employee in Box A for ...