Have you heard about the updated Form I-9? Do you want to know how to properly fill out the form? Don't worry, by the end of this short video, you will have answers to all your questions about Form I-9. So, let's get started. Form I-9 is used for verifying the identity and employment authorization of those people hired for employment in the US. As an employer, you must complete this form each time you hire a person for labor or services in the US, in return for wages. This includes citizens and non-citizens. Please note that Form I-9 is for new hires only. It is not applicable to existing employees. Let's look at some of the key changes. Form I-9 is now 2 pages instead of one, with a different look from the previous version. The entire first page is Section 1 employee information, which contains new data fields, including the employee's telephone number, email address, and foreign passport information. The second page includes Section 2 employer authorization and Section 3 re-verification and rehires. Here are the points of interest for Section 1. The employee must complete Section 1 no later than the first day of employment, right before the employee leaves work on the first day. This form must be filled out if the employee cannot complete it without assistance or if he or she needs Form I-9 translated. Someone may assist them. Keep in mind that the Spanish version of Form I-9 can only be filled out by employers and employees in Puerto Rico. No one else may assist. The employer is responsible for reviewing and ensuring that the employee fully and properly completes Section 1. Now, let's go into more detail on how to properly fill out the form. This is the only section the employee is required to complete....
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941 Pr Form: What You Should Know
Form 941-PR? Employers filing Form 941-PR for the first time may use this form to report wage and tax information only. Employer's Annual tax return Employer's Annual Federal tax return Payroll Wages (Forms W-2) What is the form W-2 wage report? Form W-2 Wages, Tips, and Tax When you hire an employee, he or she receives a Form W-2 Wage payment, Form 1099, from you. This paycheck contains all the tax instructions and information that goes along with the payment. It is a record of: — The amount of the wages and tips you pay — The value of certain non-cash benefits you provide to the employee — The tax paid by the employee — Whether the tax is withheld It is important to take the correct amount of tax payable with the Form W-2 and include it with your employee's Form 1040, 1099, or 1099-MISC for the year of payment. IRS Forms 1099/1099-INT Form 1099. When you pay a worker, he or she is given a Form 1099 for the payment. The form is a record of: — The amount of the wages and tips you pay — The value of certain non-cash taxable benefits you provide to the worker — The amount of tax withheld Payroll Services Forms W-2 and pay stub. Employer's Quarterly Federal Tax Return (Form 941) 2024 Tax Forms. Form 941 for business owners and their employees Business owners are required to file a Form 941 each quarter. If an employer files Form 941 for any quarter, the employer must provide a copy of that quarterly federal return to employees in the quarter whose wages or self-employment income are subject to federal income tax. Businesses that pay wages and wages tips under IRC section 3121 must provide Form W-2 to its employees. Businesses that pay wages under IRC section 3121 must provide Form W-2 to the employees in the quarter whose wages or self-employment income are subject to federal income tax. IRS Forms 941 (PR), Employer's Quarterly Federal Tax Return — IRS Form 941 for businesses that pay wages under IRC section 3121 Form 941 for employees with more than 50,000 (Individual) or 75,000 (Federally Related Businesses) Tax withholding is required when calculating tax.
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Video instructions and help with filling out and completing 941 Pr
