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This document provides detailed information about an employee's wages, tips, and other compensation for the tax year, including tax withholdings and employer identification details.

How to fill out w-2 - wings buffalo

How to fill out W-2

1. Obtain a blank W-2 form from the IRS website or your employer.
2. Enter your employer's name, address, and Employer Identification Number (EIN) in the designated fields.
3. Fill in your own name, address, and Social Security Number (SSN).
4. Complete the wages, tips, and other compensation section with your total earnings for the year.
5. Fill in any federal income tax withheld in the appropriate box.
6. Complete the Social Security wages and any Social Security tax withheld.
7. If applicable, fill in the Medicare wages and Medicare tax withheld.
8. Check any applicable boxes for retirement plans or third-party sick pay.
9. Review the form for accuracy and save a copy for your records.
10. Submit the form to your employer and ensure they provide you with a copy by the deadline.

Who needs W-2?

1. Employees who receive wages, tips, or other compensation from their employers.
2. Self-employed individuals who need to report their earnings, though they typically use a different form (like 1099).
3. Workers who are eligible for unemployment benefits or other government programs that require income verification.

People Also Ask about

What is a W-2 called in the UK?

In the UK, the P60 form has been issued since 1944 by employers to each of their employees to detail the employees' taxable income and deductions made by PAYE (both for income tax and National Insurance contributions) for that year.

How is the W-2 and W-4 different?

Form W-2 and Form W-4 are federally required IRS tax forms, but Form W-4 is completed by employees and used by employers to calculate how much income tax to withhold. On the other hand, the purpose of Form W-2 is to report employee pay over the past year and how much tax was withheld.

What is the meaning of w2s?

Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Do I get a W-2 as a student?

8863: Download and complete this form to see if you qualify for tax credits for college students. W-2: If you made $600 or more at work last year, your employer must provide you with a W-2. This form will show if you had any income tax withheld. Make sure you include it when you file your tax return.

What does the W-2 stand for?

IRS Form W-2, also known as a “Wage and Tax Statement,” reports an employee's income from the prior year and how much tax the employer withheld. Employers send out W-2's to employees in January.

What is a w2 form for students?

A W-2 form is known as a Wage and Tax Statement. The form shows how much the University paid you along with how much money was withheld for taxes like Social Security and Medicare.

What is the UK equivalent of a W-2?

That said, you will still need proof of your employment income and any foreign income tax deducted at source when you file your US taxes. Many countries have a form that serves as an equivalent to the W-2. For example: United Kingdom: Form P60.

What is a P60 in the UK?

Your P60 shows the tax you've paid on your salary in the tax year (6 April to 5 April). You get a separate P60 for each of your jobs every tax year. There's a separate guide to getting P60s if you're an employer. If you're working for an employer on 5 April they must give you a P60.

For pdfFiller’s FAQs

What is W-2?

A W-2 is a tax form used in the United States to report an employee's annual wages and the amount of taxes withheld from their paycheck.

Who is required to file W-2?

Employers are required to file W-2 forms for each employee they pay at least $600 in a calendar year, and for any other employee for whom taxes are withheld.

How to fill out W-2?

To fill out a W-2, employers need to provide accurate information about the employee's earnings, taxes withheld, benefits, and other compensation in the designated fields on the form.

What is the purpose of W-2?

The purpose of the W-2 is to report the employee's earnings and tax information to the Internal Revenue Service (IRS) and to the employee to help with their tax returns.

What information must be reported on W-2?

The W-2 must report the employee's total wages, tips, other compensation, Social Security wages, Medicare wages, federal income tax withheld, state income tax withheld, and other relevant financial information.