Generate Forms W-2, W-3, 1094-C, and 1095-C
Businesses in the United States are required by law to submit certain wage and tax reports to federal agencies after the final payroll has been processed for a tax year.
- Form W-2: Wage and Tax Statement – Form W-2 lists the total amount of federal, state, and local wages earned by an employee and total amount of taxes withheld for that employee. You are required to create a Form W-2 for every person that you employed during the tax year. For each employee, you need to print six copies of Form W-2:
- One copy for the Social Security Administration (SSA).
- One copy for each state and local tax authority.
- One copy for your records.
- Three copies for the employee.
- Form W-3: Transmittal of Wage and Tax Statements – Form W-3 serves as a cover sheet when you submit Forms W-2 to the Social Security Administration (SSA). It includes the number of Forms W-2 being submitted as well as the total amounts reported on the forms.Note: ProContractor doesn't support printing the Form W-3. However, you can print a report that contains the information you need to manually complete the form.
- Form 1095-C - Form 1095-C is used by employers that offer employer-sponsored self-insurance coverage to report information to the Internal Revenue Service (IRS) and to employees about individuals who have minimum essential coverage under the employer plan and therefore are not liable for the individual shared responsibility payment for the months that they are covered under the plan. For each employee, you need to print two copies of Form 1095-C:
- One copy for the IRS.
- One copy for the employee.
Note: The format of Forms 1095-C do not align with windowed envelopes, so the recommendation is to mail the employee copy of Form 1095-C in the same envelope with the employee copy of Form W-2. - Form 1094-C - Form 1095-C serves as a cover sheet when you submit Forms 1095-C. It includes the employer information and the number of Forms 1095-C being submitted to the Internal Revenue Service (IRS).
Note that in addition to these forms, businesses in the United States are also required to Generate Form 941, and therefore must also be completed at the end of the year.
To perform end-of-year payroll tasks, complete the following steps.