W-2s can give you aggravation, sleepless nights, you name it.
Critical due dates: Employees must receive their forms by Jan. 31, 2012, and the Social Security Administration (SSA) must receive paper forms by Feb. 29, 2012. E-filers have until April 2, 2012, to file.
Now is the time to review the most common W-2 mistakes and apply some easy tips to avoid them.
Common W-2 errorrs
These common errors arise regardless of how you file your W-2s—on paper or electronically.
1. 941/W-2/W-3 errors. The IRS and the SSA share information. The data you report on your four 941s must match the totals on your W-2s/W-3. Also, ensure that the Employer Identification Number (EIN) that appears on your 941s matches the EIN that appears on your W-2s/W-3.
2. Errors resulting in out-of-balance forms. Avoid these errors by: (1) using the Social Security wage base for a prior year, (2) using the Social Security wage base for Medicare wages or (3) ...(register to read more)