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W-2 isn't the only important form Pay attention to your 1099 forms, because the IRS does. Even if you don't get a form, you still have to report the income. By MSN Money Partner Jan 24, 2012 11:55AM

How to fill out w-2 isn39t the only

How to Fill Out W-2 Isn't the Only:

1. Obtain a W-2 form from your employer: Contact your employer's HR department or ask your supervisor for a W-2 form. This form is crucial as it reports your annual earnings and taxes withheld for the year.
2. Review the personal information section: Fill in your name, address, and Social Security number accurately as this information is used to identify you for tax purposes.
3. Report your earnings: Enter the wages and tips you earned throughout the year in Box 1. This includes your regular salary, commissions, bonuses, and any other income received.
4. Report federal income tax withheld: Look for Box 2 on your W-2 form and enter the total amount of federal income tax that was withheld from your paychecks throughout the year. This figure can be found on your pay stubs or W-2 statements provided by your employer.
5. Report state and local income tax withheld: Check if your state requires you to pay state or local income tax. If so, enter the appropriate amounts withheld in the respective boxes on your W-2 form.
6. Review other boxes: Your W-2 form may have other boxes for reporting additional information such as retirement plan contributions or dependent care benefits. Ensure you review and understand these boxes, filling them out accurately if applicable.
7. Double-check for accuracy: Before submitting your completed W-2 form, review all the information you have entered for accuracy and make any necessary corrections. Double-check your calculations to avoid any errors that may delay or negatively impact your tax return.

Who Needs W-2 Isn't the Only:

1. Employees: All employees who receive wages or salaries from their employers need a W-2 form. This includes full-time and part-time workers, as well as temporary and seasonal employees. It is a requirement for reporting your earnings and taxes withheld for the year.
2. Employers: Companies and organizations that employ workers are responsible for providing W-2 forms to their employees. This is a legal obligation and assists in ensuring accurate reporting of income and tax information.
3. Individuals filing income tax returns: If you are required to file an income tax return, you will need a W-2 form to report your earnings and tax withholdings. The information provided on the W-2 form is essential for accurately calculating your tax liability or any refunds you may be entitled to.

It is important to note that the specific requirements for needing a W-2 form may vary depending on your country's tax regulations. Ensure you consult the relevant tax authorities or a qualified tax professional for guidance specific to your situation.

For pdfFiller’s FAQs

What is w-2 isn39t the only?

The W-2 form is not the only tax form that individuals may receive from their employers.

Who is required to file w-2 isn39t the only?

Employers are required to file W-2 forms for each of their employees.

How to fill out w-2 isn39t the only?

Employers must fill out the W-2 form accurately, reporting the employee's wages, taxes withheld, and other relevant information.

What is the purpose of w-2 isn39t the only?

The purpose of the W-2 form is to report wages and taxes withheld for employees to the IRS.

What information must be reported on w-2 isn39t the only?

The W-2 form must report the employee's wages, tips, and other compensation, as well as taxes withheld and other relevant information.

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