When Are W2 Forms Sent Out
Understanding When W2 Forms Are Sent Out
As the new year begins, many employees start to think about when they will receive their W2 forms for tax purposes. In this article, we will provide all the information you need to know about when W2 forms are sent out.When Are W2 Forms Sent Out?Employers are required to send out W2 forms to their employees by January 31st of each year. This form reports an employee's wages, tips, and other compensation paid by an employer, as well as the taxes withheld from those earnings.It's important to note that if you have changed jobs during the year, you may receive multiple W2 forms from different employers. Additionally, if you worked as an independent contractor, you may receive a 1099 form instead of a W2 form.
How to Get Your W2 Form
If you haven't received your W2 form by mid-February, you should contact your employer to request a copy. They should be able to provide you with a duplicate W2 form or instructions on how to access it online.If you still cannot obtain a copy of your W2 form, you can request a wage and income transcript from the IRS. This transcript shows information from forms W2, 1099, and other income documents filed with the IRS.
Q: Can I file my taxes without a W2 form?
A: It's not recommended to file your taxes without a W2 form, as this document contains important information needed to accurately report your income and taxes withheld. If you haven't received your W2 form, you should contact your employer to obtain a copy.
Q: What should I do if there is an error on my W2 form?
A: If you notice an error on your W2 form, you should contact your employer to request a corrected form. The IRS also recommends that you keep a copy of any correspondence with your employer regarding the error and to file your taxes using the corrected form.
Q: What happens if I don't receive my W2 form by the tax filing deadline?
A: If you haven't received your W2 form by the tax filing deadline, you should still file your taxes on time using Form 4852, Substitute for Form W-2. This form allows you to estimate your wages and taxes withheld based on your pay stubs or other documentation.
Conclusion W2 forms are an important document for employees as they report income and taxes withheld from earnings. Employers are required to send out W2 forms by January 31st of each year, and employees who do not receive their W2 form should contact their employer to request a copy. If a copy cannot be obtained, employees can request a wage and income transcript from the IRS. It's important to ensure that the information on a W2 form is accurate, and any errors should be addressed with your employer to obtain a corrected form.