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Hiring EmployeesChecklist for Hiring EmployeesHow to file Information Returns to report payment to your employeesWage Reporting-Form W-2 After the calendar year is over, you must furnish copies of Form W-2, Wage and Tax Statement, to each employee to whom you paid wages during the year. You must also send copies to the Social Security Administration. Form W-2. You must file Form W-2, Wage and Tax Statement, to report payments to your employees, such as wages, tips, and other compensation, withheld income, social security, and Medicare taxes, and advance earned income credit (EIC) payments. For more information on what to report on Form W-2, see the Instructions for Form W-2. Information reporting call site. The IRS operates a centralized call site to answer questions about reporting on Form W-2, W-3, 1099 and other information returns. If you have questions related to reporting on information returns, call 304-263-8700. Employee Verification Service. This service, offered by the Social Security Administration, will match your record of employee names and Social Security numbers (SSN) with SSAs records before you prepare and submit Form W-2 (Wage and Tax Statements). Making sure names and SSNs entered on the W-2 match our records is important because unmatched records can result in additional processing costs for you and uncredited earnings for your employees. Uncredited earnings can affect future eligibility to (and amounts paid under) SSAs retirement, disability and survivors program. EVS can help eliminate this common reporting error. See the Social Security Administration's web site for information on how to take advantage of this free service. EMPLOYER'S GUIDE TO FILING TIMELY AND ACCURATE W-2 WAGE REPORTS
Publication
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Starting a Business and Keeping Records |