Employer Return and Information Reporting Requirements

Summary

This practice note discusses the rules and requirements that employers must satisfy to properly report various payments to individuals for federal tax purposes to the Internal Revenue Service (IRS). This practice note addresses Form W-2, which is used to report taxable wages and tax withholdings to employees. It provides valuable guidance on a number of other information returns, as well, including the Form 1099 series forms and Form 8027, which are required for other payments to individuals associated with work done for the business owner.