How long w 2

If you file a state income tax return, the same calculation is necessary for the amount withheld to pay your state income taxes. The identifying information section of the W-2 is essentially a tracking feature. If the income you report on your taxes does not match the information on your W-2, the IRS will want to know why. Similarly, the IRS will match the reported payment amounts with your employer's corporate tax return for accuracy. But most importantly, since the IRS receives a copy of your W-2, it already knows whether you owe tax and may contact you if you fail to file a tax return.

If the name or Social Security number on your W-2 is inaccurate, you should immediately report this to your employer to correct. When you finish your tax returns and get ready to file them, remember that a copy of your W-2 must always be attached. If you e-file using TurboTax then your W-2 information is sent along with your tax return.

However, if you are filing your tax return by mail then you need to place a copy on the front of your return. Remember, with TurboTax , we'll ask you simple questions about your life and help you fill out all the right tax forms. Whether you have a simple or complex tax situation, we've got you covered. Feel confident doing your own taxes. Just answer simple questions about your life, and TurboTax Free Edition will take care of the rest. For Simple Tax Returns Only. What is a W-4 Form?

Claiming the Foreign Tax Credit with Form What is the IRS Form ? Estimate your tax refund and where you stand Get started. Take a look at the rules behind maintaining W-2 records for employees. Employers submit completed a W-2 document to employees, Social Security Administration, Internal Revenue Service and local, city or state governments. According to the IRS , Copy 1 of the form goes to local, city or state governments.

Employers provide copies B, C and 2 of the W-2 form to employees. When it comes to the employer obligation to provide old W-2 forms, the IRS advises employers to keep all employment tax records for at least four years. Further, employers should be prepared to make the records available for review by the agency upon request.

Box Here, there are four areas in which the employer can provide more detail about some or all of the pay reported in Box 1. For example, if you've contributed to your company's k plan, the amount of your contributions might show up in Box 12 with the code letter "D. Box This box indicates whether your earnings are subject to Social Security and Medicare taxes but aren't subject to federal income tax withholding, whether your participated in certain types of retirement plans, or whether you got certain kinds of sick pay.

Boxes Show how much of your pay is subject to state income tax, how much state income tax was withheld from your pay, how much income was subject to local taxes, and how much local tax was withheld from your pay. If your employer leaves out a decimal point, gets your name or a dollar amount wrong, or checks the wrong box — it happens — point out the mistake and ask for a corrected W You won't get away with anything if you just shove your W-2 in a drawer and decide not to put the information on your tax return.

What is a W-2? How do I get my W-2? When should I receive my W-2? You need your W-2 to do your taxes. Get started. How a W-2 works. What to do if your W-2 is wrong. Your W-2 information is not a secret. On a similar note Dive even deeper in Taxes.

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