Who needs it?
Every employer engaged in a trade or business who pays remuneration, including noncash payments of $600 or more for the year (all amounts if any income, social security, or Medicare tax was withheld) for services performed by an employee must file a Form W-2 for each employee (even if the employee is related to the employer) from whom:
- Income, social security, or Medicare tax was withheld.
- Income tax would have been withheld
When to File it
With Tax1099.com, we automatically schedule your SSA e-File transmission date for the e-File deadline. That allows you to make changes to forms after creating them for your employees and before sending them to the SSA, without the need to issue corrected forms – all at no additional cost for the e-File update. You may also change the scheduled date to occur earlier than the deadline if you prefer.
Electronically filed W2 forms are directly transmitted to the SSA from the Tax1099.com system. IRS e-filed acceptance acknowledgment comes within 3 to 7 business days.