Can an Employer Keep Your W-2 from You?
If the contractor you have in mind is already your employee, you can make the conversion if the nature of the working relationship has genuinely changed. Whether it’s because you’re downsizing, because the role has changed, or because the employee made the request, there must be a legitimate change in the working relationship.
When do you have to file a W-2 with the IRS?
If you withheld state or local taxes from your employees’ wages, then you must file W-2s with the state or local taxation agency by the mandated deadline. Takeway: Employee compensation and taxes are reported on Form W-2. The employee uses the W-2 to file their tax return (s).
Where do I get a copy of my W-2?
Copies of the W-2 go to the Social Security Administration; state, city or local tax department; the IRS; your employee and also to you, the employer, for your records. If you are hiring an independent contractor, the IRS form to use is Form 1099-MISC, Miscellaneous Income.
