FILED INCORRECT W-2 FORM IN QUICKBOOKS – COMPLETE GUIDE | |
Filing an incorrect W-2 form in QuickBooks can lead to significant complications, including tax penalties and employee dissatisfaction. If you discover an error in the W-2 form, it’s crucial to correct it promptly. Here's a step-by-step guide to resolve this issue: Identify the Error: Carefully review the filed W-2 to pinpoint the error, whether it's incorrect employee details, wages, or tax information. Create a W-2c Form: In QuickBooks, navigate to the Employees menu and select Payroll Tax Forms & W-2s. Choose “Process W-2c Forms” to correct the filed W-2. Enter the correct information in the “Correct Information” column, leaving the “Previously Reported” section unchanged. Submit the Corrected Form: After completing the W-2c, submit it to the Social Security Administration (SSA). If you’ve already provided the incorrect form to the employee, furnish them with a corrected W-2c copy. Amend Other Forms: Check if the incorrect information affected any other forms, such as Form 941 or 940. File amendments as necessary to avoid discrepancies. Review Future Submissions: Implement a thorough review process to minimize future filing errors. By following these steps, you can rectify errors in filed W-2 forms in QuickBooks, ensuring compliance and accurate employee records. | |
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