Form W-2 Printable 2021

Form W-2 Printable 2021

Form W-2 Printable for 2021 use is available down below. Employers can use paper Form W-2 to report income paid to employees and taxes withheld from their income. If you’re going to furnish your employees with a paper Form W-2, the printable version of it is what you need. Print out Form W-2, Wage and Tax Statement to fulfill your tax obligations as an employer.

Before we get to that though, what is Form W-2 and what is it used for?

The Internal Revenue Service requires employers to report wage, salary, and other compensation their employees earned during the course of the tax year.

By January 31st, all employers must file a Form W-2 for each of their employees stating their income. Form W-2 also shows the taxes withheld from the employees’ income so the employee knows how much tax forwarded to the IRS and taken as part of FICA taxes from his or her income.

Late Filing Form W-2

If Form W-2 isn’t filed by January 31st, the employer will be subject to a minimum $50 fine. If Form W-2 isn’t filed 30 days after the due date, the penalty will be increased to $100 per W-2. In short, if you file Form W-2 between February 1st and early March, the penalty will be $50.

For Forms W-2 filed at a later date, the penalty will be increased to $100. In these situations, employees may want to file the substitute form for W-2 so they can file a tax return.

As for obtaining and filing Form W-2 on paper, it shouldn’t take much of your time. Use your employees’ last pay stubs to determine the amounts required on Form W-2, Wage and Tax Statement. Make sure to file Form W-2 by January 31st so your employers aren’t filing their tax returns at a later date than they should have in 2021.

Click here to open Form W-2 for use in 2021 (for 2020 taxes). Once you open Form W-2, you can then go ahead and download it using the download button on the upper right corner.

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