W-2 Form In Quickbooks

By Author: Alex Hales
Total Articles: 4
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At the end of each fiscal year, employers must provide their staff with a W-2 form, which records the previous year’s earnings. There’s also a section detailing the taxes withheld from his pay. This data is necessary for the worker to file his tax returns correctly. Your employer will send a copy of this form to the federal government, a copy to your state government, and a copy to you, the employee. The desktop and online payroll versions of Quickbooks allow you to print your employees’ W-2s. Understanding the W-2 form and its relevance is a prerequisite to moving on with printing.

What Is A W-2 Form?
W-2 is short for Wage and Tax Statement and is one of the Wage and Tax Form names. A copy of this form must be provided to each employee and the IRS by year’s end. One’s annual salary and the amount of taxes withheld from that salary are detailed on a W-2 form. A W-2 employee is one whose employer withholds taxes from his pay and then reports such withholdings to the appropriate authorities. Every employee who receives a salary, wage, or another type of remuneration from their company should receive a W-2 ...
... form. It doesn’t consider independent contractors or employees who submit their taxes. To file one’s income taxes before the April 15 deadline, the W-2 form must be mailed out no later than January 31. (in most years). The tax returns for the prior year are submitted. Let’s pretend that your W-2 arrived in the mail in January 2021. It represents your earnings for the year 2020.

https://www.askforaccounting.com/print-w2-in-quickbooks-without-payroll-subscription/

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