Every employer requires to report their employees' annual earnings and taxes withheld at the end of each year to the Social Security Agency by filing Form W-2.
Employers engaged in a trade or business who pays remuneration for services performed by an employee including non cash payments of $600 or more, must file W-2 Form for each employee from whom income, social security, and medicare taxes are withheld.
In addition to this, the employer must also send the copies to their employees to report the salary and compensation offered to them throughout the year.
The Form W-3, Transmittal of Wage and Tax Statements is a summary Form of Form W-2 which includes the collective information of the total number of Form W2 filed. A Form W-3 must be filed even if only one Form W2 is being filed by the employer.
And Form W-3 is required only when Form W-2s are filed by paper and is not required when filing Form W-2 electronically.
File IRS W-2 Forms before the deadline and avoid
late filing penalties. View late filing penalties
IRSw2.com is the platform that supports e-filing of Form W-2 with SSA and the state. Being an authorized provider, IRSW2.com provides all the necessary tools and platforms that is required for an employer to simplify the filing process. Employers can e-file Forms directly to the SSA in a timely manner and the total filing process will take less than 10 minutes. Visit https://www.taxbandits.com/w2-forms/efile-w2-form-online to know more about our filing features.
With our software you could meet your W2 state filing requirements instantly & efile W2 Forms with your state with IRSw2.com. We provide all of the state Transmittal/Reconciliation Forms that you may need to file with your state.
Having more returns? Reduce the time taken in manually adding your employees Form information. Simplify your filing process with our bulk upload template and add all your employees Form W-2 details together in one single file and upload it back to our system.
Save time and avoid manual work in sending the employee copies. We take care of mailing W2 copies to your employees on-time. We do USPS address validation to ensure that the addresses entered are valid enough before sending the copies.
Avoid penalties or corrections by reporting incorrect TINs. We do TIN matching against SSA database to make sure that your forms are error free from TIN mismatches. You will be notified for any TIN errors and provided with a way to correct it and retransmit it with the SSA.
The following information is required to complete your IRS W2 Form:
The entire process is safe, secure, and can be completed in a matter of minutes.
If you fail to e-file W-2 forms then you will have penalties to face. For example, if you fail to file by the deadline you will face a $50 fee per W-2 Form. Then after 30 days this penalty will rise to $100 per form. The maximum penalty for failing to file is $270 for small businesses and $540 for larger businesses.