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Massachusetts IRS W-2 2022: What You Should Know

Forms W-2 should be filed by an employer who will have an employee to whom the wages paid are intended. Form W-2 is a Form 1099-B (for Federal Tax) form, used to document wages paid and reported under the law. Form W-2 Instructions — IRS Form W-2 Instructions are also found in Treasury Regulations Part 301 — Employer's Tax Guide. Payroll Expense Deduction — IRS In most cases, employers must withhold tax from Forms W-2. However, when the employer is exempt from both taxes, it may be reasonable to withhold only the amount that is not collected by the state and federal revenue services. That amounts to 0.75 per employee. However, it is advisable to check the Form 1099-B for any itemized deductions made at employer expense. Note: The IRS has a very simple form that allows the taxpayer to report withholding on only one Form W-2 form. You can do that by following the instructions on the following form (PDF 3.28 MB). Form W-2 Reporting by Employees (or By the Employer) The Form 1099-B must be filed by the employer that is withholding FICA and withholding income taxes. How to Report and Pay the Exempt Amount (Form 1099-B) — IRS If the employee is an employee of the exempt organization, report and pay the withheld amount without withholding Form W-2. See Form 1098-O for instructions. Forms W-2 Reporting Required by Mass.gov — Office of the Comptroller To avoid penalty or prosecution, an employer cannot use Form W-2 or Wage and Tax Statement (PDF 35.96 KB) for employees' wages, tips, and other compensation. All such wages, tips, and all other compensation should be paid through your payroll accounting system. Payments for employee payroll and administration should be made directly to the IRS on Form W-4—Employee Contributions to Social Security and Medicare. See Forms W-4, W-1, W-2, W-3 (PDF 5.15 MB). If the employer does not have a payroll system in place, any employee wages, tips, and other compensation should be reported on Form 1099-B using the instructions listed in Regulations section 1.2061–3(r) to file the report. Payroll payments cannot be returned on a Form W-2.

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