Form W-2
W-2 Contains A High Percentage Of Federal Tax Withheld
This warning is meant to let you know that Form W-2 contains a high amount of federal taxes entered in Box 2 compared to the federal wages entered in Box 1. Double check the accuracy of the amounts that were keyed in Boxes 1 and 2. If you have ...
Inputting A Form W-2 With More Than 4 States Listed
Each Form W-2 entry screen has enough space for four states to be listed. If a client's Form W-2 has more than four states listed, you will need to divide the W-2 into two or more separate entries. For example, if there are seven states listed on the ...
Where do I report Third-Party Sick Pay?
Generally, a taxpayer must report as income any amount that the taxpayer receives for personal injury or sickness through an accident or health or insurance plan that is paid for by their employer. However if the cost of the insurance plan that pays ...
Where Can I Get A List Of The Codes That Are Entered In Box 12?
There are several types of compensation and benefits that can be reported in Box 12 of Form W-2. Box 12 will report a single letter or double letter code followed by a dollar amount. The following list explains the codes shown in Box 12 of Form W-2. ...
Can I Prepare Their Tax Return Based Off Of Their Last Paystub?
According to the IRS: "Authorized IRS e-file Providers are prohibited from submitting electronic returns to the IRS prior to the receipt of all Forms W-2 ... and 1099-R from the taxpayer. If the taxpayer is unable to secure and provide a correct Form ...
What SSN do I enter on a W-2 for an ITIN holder?
Because an ITIN cannot be used for payroll purposes a preparer may receive a W-2 for an ITIN holder with an SSN that does not match the ITIN. Tax returns filed with an Individual Taxpayer Identification Number reporting wages paid are required to ...