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Dear JHMS Parents and Students, The Cross Country season is upon us! Cross Country is a fantastic support that develops endurance in its participants, a skill that translates to all other athletic
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What are the benefits of filing a W-2 form?
Filing a W-2 form allows for accurate reporting of income and taxes withheld, facilitates employee tax returns, and complies with IRS requirements.
Who is required to file a W-2 form?
Employers are required to file a W-2 form for each employee they pay at least $600 in wages, salaries, or other compensation during the year.
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To fill out a W-2 form, employers need to enter their information, employee's details, total earnings, tax withholdings, and any other relevant information required by the IRS.
What is the purpose of the W-2 form?
The purpose of the W-2 form is to report an employee's annual wages and the amount of taxes withheld from their paycheck to the IRS and the employee.
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The W-2 form must report the employee's Social Security number, the employer's identification number, total wages earned, federal tax withheld, state tax information, and other compensation details.
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