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What is t w e l?
TWEL refers to the Tax Withholding and Employment Liability form, which is used to report certain employee-related tax information to the IRS.
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Employers who have employees subject to wage withholding and those who have tax liabilities are required to file TWEL.
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To fill out TWEL, employers must complete all required fields with accurate employee and tax information and submit it by the specified deadline.
What is the purpose of t w e l?
The purpose of TWEL is to report and withhold the correct amount of taxes from employee wages to ensure compliance with federal tax laws.
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TWEL must report employee names, Social Security numbers, wages, and the amount of federal income tax withheld.
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