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Forms W-2 and W-3

Userid: CPMS chema: instrxLeadpct: 100%Pt. size: 10 Draft Ok to PrintAH XSL/XMLF ileid: .. s/IW-2&W-3/2017/A/XML/Cycle07/source(Ini t. & Date) _____Page 1 of 33 12:27 - 2-May-2017 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before 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)Department of the TreasuryInternal revenue ServiceSection references are to the internal revenue Code unless otherwise 's Help?..4 How To Get Forms and Errors on Forms Instructions for Forms W-2 and Reporting Situations for Form Instructions for Form Instructions for Form Instructions for Forms W-2c and Situations for Forms W-2c and Instructions for Form Instructions for Form W-2 Reference Guide for Box 12 Codes.

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Transcription of Forms W-2 and W-3

1 Userid: CPMS chema: instrxLeadpct: 100%Pt. size: 10 Draft Ok to PrintAH XSL/XMLF ileid: .. s/IW-2&W-3/2017/A/XML/Cycle07/source(Ini t. & Date) _____Page 1 of 33 12:27 - 2-May-2017 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before 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)Department of the TreasuryInternal revenue ServiceSection references are to the internal revenue Code unless otherwise 's Help?..4 How To Get Forms and Errors on Forms Instructions for Forms W-2 and Reporting Situations for Form Instructions for Form Instructions for Form Instructions for Forms W-2c and Situations for Forms W-2c and Instructions for Form Instructions for Form W-2 Reference Guide for Box 12 Codes.

2 29 Form W-2 Box 13 Retirement Plan Checkbox Decision Deferred Compensation Reporting Example DevelopmentsFor the latest information about developments related to Forms W-2 and W-3 and their instructions, such as legislation enacted after they were published, go to 's NewNew box 12 Code FF. A new box 12 Code FF has been added to report the total amount of permitted benefits under a qualified small employer health reimbursement arrangement (QSEHRA). These new QSEHRAs allow eligible employers to pay or reimburse medical care expenses of eligible employees after the employees provide proof of coverage. The maximum reimbursement for an eligible employee under a QSEHRA is $4,950 ($10,000 if it also provides reimbursements for family members), before indexing for inflation.

3 For more information, see the 21st Century Cures Act, Public Law 114 255, Division C, Section donation programs to aid victims of the severe storms and flooding in Louisiana. Under these programs, employees may donate their vacation, sick, or personal leave in exchange for employer cash payments made before January 1, 2018, to qualified tax-exempt organizations providing relief for the victims of the severe storms and flooding in Louisiana that began on August 11, 2016. The donated leave will not be included in the income or wages of the employee. The employer may deduct the cash payments as business expenses or charitable contributions. For more information, see Notice 2016-55, 2016-40 432, available at donation programs to aid victims of Hurricane Matthew.

4 Under these programs, employees may donate their vacation, sick, or personal leave in exchange for employer cash payments made before January 1, 2018, to qualified tax-exempt organizations providing relief for the victims of Hurricane Matthew. The donated leave will not be included in the income or wages of the employee. The employer may deduct the cash payments as business expenses or charitable contributions. For more information, see Notice 2016-69, 2016-51 832, available at employers in the CNMI. The Treasury Department and the CNMI Division of revenue and Taxation entered into an agreement under 5 5517 ( 5517 agreement ) in December 2006.

5 Under this agreement, all federal employers (including the Department of Defense) are required to withhold CNMI income taxes, rather than federal income taxes, and deposit the CNMI taxes with the CNMI Treasury for employees who are subject to CNMI taxes and whose regular place of federal employment is in the CNMI. New guidance for completing Forms W-2 for these employees is available at puerto-rico. See also Federal employers in the CNMI, later, for additional increased. Failure to file and failure to furnish penalties and penalties for intentional disregard of filing and payee statement requirements have increased due to adjustments for inflation.

6 The higher penalty amounts apply to returns required to be filed after December 31, 2017. See Penalties for more minimis error safe harbor. Notice 2017-9, 2017-4 542, available at , provides new information regarding the de minimis error safe harbor. See Exceptions to the penalty, date for filing with SSA. The due date for filing 2017 Forms W-2, W-2AS, W-2CM, W-2GU, W-2VI, W-3, May 02, 2017 Cat. No. 25979 SPage 2 of 33 Fileid: .. s/IW-2&W-3/2017/A/XML/Cycle07/source12:2 7 - 2-May-2017 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before W-3SS with the SSA is January 31, 2018, whether you file using paper Forms or of time to file.

7 Extensions of time to file Form W-2 with the SSA are no longer automatic. You may request one 30-day extension to file Form W-2 by submitting a complete application on Form 8809, Application for Extension of Time to File Information Returns, including a detailed explanation of why you need additional time and signed under penalties of perjury. The IRS will only grant the extension in extraordinary circumstances or catastrophe. See Extension of time to file Forms W-2 with the SSA for more information. This does not affect extensions of time to furnish Forms W-2 to employees. See Extension of time to furnish Forms W-2 to employees for more it done your Forms W-2 and W-2c with the SSA.

8 See wage reports from the Social Security Ad-ministration (SSA). The SSA will reject Form W-2 electronic and paper wage reports under the following conditions:Medicare wages and tips are less than the sum of social security wages and social security tips,Social security tax is greater than zero; social security wages and social security tips are equal to zero, andMedicare tax is greater than zero; Medicare wages and tips are equal to , Forms W-2 and W-2c electronic and paper wage reports for household employers will be rejected under the following conditions:The sum of social security wages and social security tips is less than the minimum yearly earnings subject to social security and Medicare tax withholding for a household employee, andThe Medicare wages and tips are less than the minimum yearly earnings subject to social security and Medicare tax withholding for a household the above conditions occur in an electronic wage report, the SSA will notify the submitter by email or postal mail to correct the report and resubmit it to the SSA.

9 If the above conditions occur in a paper wage report, the SSA will notify the employer by email or postal mail to correct the report and resubmit it to the Do not write corrected or amended on any resubmitted employers, see Pub. 926, Household Employer's Tax security numbers. Do not truncate social security numbers shown on Forms W-2, W-2AS, W-2GU, and W-2VI. Social security numbers are required on Forms W-2. See Taxpayer identification numbers, later. See also Regulations section (b)(2).Filers of other Forms , such as certain Forms 1099/1098, may truncate the social security number (XXX-XX-1234) to combat identity marriage. A marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by the state, possession, or territory of the United States in which the marriage is entered into, TIPregardless of legal residence.

10 Two individuals who enter into a relationship denominated as marriage under the laws of a foreign jurisdiction are recognized as married for federal tax purposes if the relationship would be recognized as marriage under the laws of at least one state, possession, or territory of the United States, regardless of legal residence. Individuals who have entered into a registered domestic partnership, civil union, or other similar relationship that is not recognized as a marriage under the law of the state, possession, or territory of the United States where such relationship was entered into are not considered married for federal tax purposes, regardless of legal 2013-61 provides special administrative procedures for employers to make claims for refunds or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations.


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