Date: November 13, 2000
Bulletin No. 208
|Subject||2000 W-2 Year End Processing|
|Purpose||To provide processing schedule and policies.|
|Year-End Processing Schedule||Employee
copies of 2000 W-2 forms will be prepared by the Office of the State
Comptroller (OSC) and mailed to the agency payroll units for distribution
February 1, 2001.
W-2's for the 2000 calendar year will include earnings paid on checks dated:
An employee who has worked for more than one State agency during the year, in most circumstances, will receive one W-2.
Compensation supplemental payments will continue to be included in
the W-2 statements.
|2000 W-2 Form||The
information which will appear on the W-2 is described below:
Name and Address
A to this bulletin shows how Federal, and SS/Med taxable wages are calculated.
Employees should retain their last check stub of 2000 for a record of the Non-Taxable Health Insurance paid in 2000. This information does not appear on the
In response to many inquiries about prior year social security wages, employees should be reminded of Federal regulations that requires maintaining Copy C of Form W-2 for at least 3 years after the due date for filing your income tax return. (See instructions on back of W-2). Maintaining Copy C until you begin receiving social security benefits will also help in answering questions about your work record and/or earnings for a particular year. To protect social security benefits, the Social Security Administration recommends maintaining Copy C and conducting periodic confirmations of your work record with them.
|Questions||Questions regarding this bulletin may be directed to the Payroll Deductions mailbox.|
|Attachment-Taxable Gross Calculations|