How to Fill Out W-2 Altered: A Comprehensive Guide
Filling out a W-2 altered form can be a daunting task, especially if you are not familiar with the process. An altered W-2 form is issued when there are changes to the original W-2, such as corrections to the income, taxes, or other important information. In this article, we will provide a comprehensive guide on how to fill out a W-2 altered form correctly and efficiently.
Understanding the W-2 Altered Form
Before diving into the details of filling out the W-2 altered form, it is crucial to understand its purpose and structure. The W-2 altered form is a revised version of the original W-2, which is issued by employers to employees to report their income, taxes, and other relevant information. The altered form is used to correct any errors or changes that were made after the original W-2 was issued.
Step-by-Step Guide to Filling Out a W-2 Altered Form
1. Obtain the Altered W-2 Form: The first step is to obtain the altered W-2 form from your employer. Ensure that you have the correct form and that it is signed by your employer.
2. Review the Original W-2: Compare the altered W-2 form with the original W-2 to identify the changes made. This will help you understand what information needs to be corrected on the altered form.
3. Fill in the Employee’s Information: On the top section of the altered W-2 form, fill in your personal information, including your name, Social Security number, and address. Make sure this information matches the original W-2 form.
4. Correct the Employer’s Information: In the employer’s section, fill in the employer’s name, address, and employer identification number (EIN). Ensure that this information is accurate and matches the original W-2 form.
5. Update the Income and Tax Information: In the income and tax section, make the necessary corrections to the wages, tips, and other compensation, as well as the taxes withheld. Double-check the calculations to ensure accuracy.
6. Enter the Correct Tax Amounts: If there are changes to the taxes withheld, such as Social Security tax, Medicare tax, or state taxes, make the appropriate corrections on the altered form.
7. Sign and Date the Form: Once you have completed all the necessary corrections, sign and date the altered W-2 form. It is essential to sign the form to verify that the changes are accurate.
8. Keep a Copy for Your Records: Make a copy of the altered W-2 form for your records. This will be helpful for tax preparation and other financial matters.
9. Submit the Altered W-2 Form: Provide the altered W-2 form to your employer or the appropriate tax authority, depending on the reason for the alteration.
Conclusion
Filling out a W-2 altered form may seem complex, but by following this comprehensive guide, you can ensure that the form is completed accurately and efficiently. Always double-check the information and keep a copy of the altered form for your records. If you encounter any difficulties or have questions, do not hesitate to consult your employer or a tax professional for assistance.
