With QuickBooks, your business can electronically abide W-2s to the IRS.
Intuit’s QuickBooks accounting software provides business users with a array of capital bulk functions such as accumulation and advertisement accompaniment and federal tax information. The affairs allows businesses that accept a QuickBooks bulk account cable to access this abstracts into an cyberbanking W-2 anatomy for acquiescence to the Internal Revenue Account online. If you pay any agent over $600 per year, you allegation abide a W-2 anatomy to the IRS. QuickBooks will additionally abide the anatomy to accompaniment tax departments.
Launch QuickBooks and bang “Employees” from the capital affairs menu. Baddest “Payroll Tax Forms & W-2s,” and again baddest “Process Bulk Forms.”
Choose “Federal Forms” and bang “OK.” Baddest “Annual Anatomy W-2/W-3 − Wage and Tax Statement.” An cyberbanking adaptation of a W-2 account will appear. If you’ve completed W-2s in the accomplished application QuickBooks or entered abstracts about employees, you will be able to accept from a account of advisers afore you ability the W-2 screen. Check the box by the employee’s name and baddest “Review/Edit.”
Enter your employee’s abstracts in the applicative fields. This includes absolute wages, tips and compensation; withheld taxes including Federal, Social Security and Medicare; abased affliction account amounts; and basal agent data, including the Social Security number. You’ll additionally be prompted to access basal capacity about your aggregation including your federal Employer Identification Number.
Enter your accompaniment tax advice if your accompaniment collects assets tax. This abstracts includes the employee’s accompaniment ID number; all accompaniment accomplishment and tips paid; the accompaniment assets tax amount; any bounded taxes paid; and the bulk of bounded taxes withheld from the employee’s pay. If you accept questions or problems bushing out the W-2, Intuit offers buzz abutment from bulk specialists to advice you.
Review the abstracts on the form. Bang “OK,” again bang “Submit Electronically” in the Bulk menu.
Select “E-file Federal Form” or “E-file” in the chat window. Access your accompaniment and federal bureau advice in the adapted fields. After you complete a W-2 for one employee, QuickBooks will automatically abide this advice on the aing W-2.
Place bare bedding of paper, perforated cardboard or a pre-printed anatomy in your printer tray if you appetite to book cardboard copies of your W-2 forms for mailing. The IRS allows businesses with beneath than 250 W-2s to mail them. You allegation use atramentous ink per IRS regulations.
Click “File” from the capital affairs menu, and again baddest “Print.” Note that QuickBooks is not accordant with the printed forms broadcast by the IRS, but you can adjustment W-2 forms from Intuit that the IRS accepts.
Review the abstracts on the printed anatomy to accomplish abiding it is correct.
Lauren Miller has added than 10 years of acquaintance as a biographer and editor. Her accessories on technology, baby business and acknowledged capacity accept appeared in magazines, newspapers and barter journals. She has a Bachelor of Arts in aesthetics and is an ardent agriculturalist and sports fan.
Miller, Lauren. “How to Report W2 Assets in QuickBooks.” Baby Business – Chron.com, http://smallbusiness.chron.com/report-w2-income-quickbooks-49830.html. Accessed 31 October 2018.
Miller, Lauren. (n.d.). How to Report W2 Assets in QuickBooks. Baby Business – Chron.com. Retrieved from http://smallbusiness.chron.com/report-w2-income-quickbooks-49830.html
Miller, Lauren. “How to Report W2 Assets in QuickBooks” accessed October 31, 2018. http://smallbusiness.chron.com/report-w2-income-quickbooks-49830.html
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