IRS Instruction W-2 & W-3 2016 free printable template

2016 Department of the Treasury Internal Revenue Service General Instructions for Forms W-2 and W-3 (Including Forms W-2AS, W-2CM, W-2GU, W-2VI, W-3SS, W-2c, and W-3c) Section references are to the

How to fill out IRS Instruction W-2 W-3

How to fill out IRS Instruction W-2 & W-3

1. Gather all necessary information about employees, including their names, addresses, Social Security numbers, and wages.
2. Fill out Box a with the employee's Social Security number.
3. Enter the employee's name in Box b as it appears on their Social Security card.
4. Complete Box c with the employee's address, including street, city, state, and ZIP code.
5. In Box d, enter the employer's identification number (EIN).
6. Fill out Box e and f with the employer's name and address.
7. In Boxes 1-14, report various types of wages, tips, and other compensation as well as withholding amounts.
8. Ensure that you check the appropriate boxes for federal income tax withheld, Social Security, and Medicare.
9. Review the W-2 forms for accuracy before submitting.
10. Use Form W-3 to summarize all W-2 forms prepared for the tax year before submitting them to the IRS.

Who needs IRS Instruction W-2 & W-3?

1. Employers who pay wages to employees need IRS Instruction W-2 & W-3.
2. Any business, non-profit organization, or government entity that has employees must complete and file these forms.
3. Employees use W-2 forms to report their wages and taxes withheld when filing their personal income tax returns.

Instructions and Help about IRS Instruction W-2 W-3

Hi this is Evan Hutches on, and I'm going to go over the basic 1040 tax return I will just kind of go over a grand overview of these two pages of this 1040 I'm not going to go over the other schedules and forms this is the form that everything flows into so no matter what you're going to have to file a Form 1040 if you're filing US income tax return you might not have to file any more schedules or forms but everything that you do file flows into this form right here, so it's two pages long as I said this is kind of what it looks like and the final numbers are right here you're either going to get a refund or you're going to owe and that's what all this is about so if we start at the top we'll put your name John Doe and your social right here John Doe does not have a spouse he located at one Two three Main Street he has no dependents if you had a spouse oh go right here if you had dependent ill we go right here and that would increase his exemptions, so it's just him, so it says one personal exemption, and we'll get to that in just a second the next portion of the return is the income portion now there are many kinds of income that needs to be reported on your income tax return one of the main ones and one of the ones that most a lot of people are only familiar with or is the w2 income some people just get a w-2, and they're used to just filing it and getting a refund because usually there's enough federal income tax being withheld to cover their wages now if you have a w-2 Box one would go right here and your federal income tax withholding, so I think it's box three would go down here on page two federal income tax withheld from forms w2 right here then you have taxable interest tax-exempt interest some interest is not taxable by the federal government if it's not taxable it would go in line 8 B if it is taxable or whether is taxable actually it'll go on a day but if it is, I'm sorry if it is taxable to go on a day if it's not taxable to go on 8 B same thing with dividends you have to pay taxes on the dividends that you earn if you have qualified dividends they get a preferential tax rate of either 0 percent or 15 percent depending on your normal tax rate your qualified dividends would go right there on line 9 B, but they would also go on line 9 a some other sources I'll just kind of hit the main ones to my knowledge at least the ones that I run into the most alimony received if you get alimony it is taxable if you pay out alimony its text deductible so if you pay it out it, you could put it right here and of course they're going to want who you pay it to social security number, so they can look at that person's return and make sure they're claiming it is income right here business income would go right here this is if you're a single member LLC or a sole proprietor you would put your earnings and your deductions on Schedule C which flows to this line 12 of the 1040 now if you do have Schedule C income or if you have partnership and come down...

People Also Ask about

What is the W2c form?

What is a form W-2C? A W-2C is a form used to make corrections on previously issued wage/tax information (W-2s) from current or prior years. Like Form W-2, it is a multi-use form used to report corrected wages to the IRS (Internal Revenue Service), FTB (Franchise Tax Board), and SSA (Social Security Administration).

How do I submit my W2c to the IRS?

To submit Forms W-2c on magnetic media or electronically, contact the Social Security Magnetic Media Coordinator for your state. Call 1-800-772-6270 for your coordinator's phone number. Employers in the U.S. Virgin Islands may call 787-766-5574. Employers in American Samoa and Guam may call 510-970-8247.

Do I have to file an amended return if I get a W2c?

Note. If you receive the W-2C after you have submitted your return to the IRS (and it has been accepted) then you will need to amend your return.

When should an employer issue a W2c?

A W-2 needs to be amended with a W-2C when an error is made when reporting employee income. Typical errors found on W-2s include incorrect names, amounts, or Social Security numbers. A W-2c can be used to correct forms that were given to employees and were filed with the Social Security Administration.

What do I do with corrected W2c?

If you receive a corrected Form W-2 after you filed your return with Form 4852, and the information differs from the information reported on your return, you must amend your return by filing Form 1040-X, Amended U.S. Individual Income Tax Return.

What is a W2c used for?

What is a form W-2C? A W-2C is a form used to make corrections on previously issued wage/tax information (W-2s) from current or prior years. Like Form W-2, it is a multi-use form used to report corrected wages to the IRS (Internal Revenue Service), FTB (Franchise Tax Board), and SSA (Social Security Administration).

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What is IRS Instruction W-2 & W-3?

IRS Instruction W-2 & W-3 are forms used by employers to report wages paid to employees and the taxes withheld from those wages for a given tax year. W-2 is the individual employee wage report, while W-3 is the summary form that accompanies W-2s when submitted to the IRS.

Who is required to file IRS Instruction W-2 & W-3?

All employers who pay wages to employees must file Form W-2 for each employee. Additionally, they are required to submit Form W-3 to the Social Security Administration as a summary of all W-2 forms filed.

How to fill out IRS Instruction W-2 & W-3?

To fill out IRS W-2, employers need to provide details such as employee's wages, Social Security income, federal income tax withheld, and state taxes. W-3 is filled out by summarizing the total wages and tax information from all W-2 forms for the year.

What is the purpose of IRS Instruction W-2 & W-3?

The purpose of IRS Instruction W-2 & W-3 is to accurately report employee earnings and the taxes withheld to the IRS and Social Security Administration, ensuring compliance with tax laws.

What information must be reported on IRS Instruction W-2 & W-3?

Information that must be reported on IRS W-2 includes employee's name, address, Social Security number, employer's details, total wages, federal tax withheld, Social Security taxes, Medicare taxes, and any other relevant tax information. W-3 summarizes this data for all employees.