Friday, March 6, 2009

W-2 FORM ,W-3 FORM,W-4 FORM



W-2 FORMThe form that an employer must send to an employee and the IRS at the end of the year. The W-2 form reports an employee's annual wages and the amount of taxes withheld from his or her paycheck.Wage and Tax Statement, is the form U.S. employers are required by the IRS to issue for each employee before February 28th of the following year. The W2 form lists the employee's total wages/compensation and taxes withheld within the calendar year of the year preceding.

W-3 FORM, Transmittal of Wage and Tax Statements, is a form employers must use when filing paper W-2s with the Social Security Administration. Form W-3 summarizes the total wages, Social Security wages, federal income tax withheld, and FICA tax withheld from employees during the year and lists the number of W-2s being transmitted.

W-4 FORM, Employee's Withholding Allowance Certification , is completed by each employee so that the employer can withhold the correct federal income tax from the employee's pay. Because tax situations may change, employees may want to refigure their withholding each year.

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