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Boxes 16 and 17 at the bottom of your W-2 fulfill the same function for your state income tax return that Boxes 1 and 2 do for your federal return. ... How Black line dancers are kicking up joy ...
In US territories, the W-2 is issued with a two letter territory code, such as W-2GU for Guam. Corrections can be filed using Form W-2c. The use of the form has led to the phrase "W-2 employees" to refer to those who receive Form W-2, in contrast to independent contractors and other "1099 workers" whose income is instead reported on Form 1099. [2]
A W-2, on the other hand, is filled out by the employer at the end of each tax year. To put it simply: you need to file a W-4 when you’re hired in order to receive a W-2 at the end of the year ...
Throughout January, workers are getting W-2 tax forms from their employers. To help you decipher the often-obscure codes and numbers you'll find on your form, below we've provided a box-by-box ...
Information returns are reports used to transmit information about income, receipts or other matters that may affect tax liabilities. For example, Form W-2 and Form 1099 are used to report on the amount of income that an employer, independent contractor, broker, or other payer pays to a taxpayer. A company, employer, or party which has paid ...
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