Frequently Asked Questions
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- W2 Form
How Do I Report Income from Employee Educational Scholarships on a W-2 Form?
Report income from your employees’ educational scholarships in Box 1 “Wages, Tips, and Other Compensation” on a W-2 form. Use the form when you accept …
Can Payroll Software Handle Different Types of Pay Periods?
Yes, the best payroll software should handle different types of pay periods for different workers. Business owners require flexibility as they run payroll in accordance …
Can Payroll Software Handle Both Salary and Hourly Employees?
Yes, it is possible for your payroll software to handle both salary and hourly employees. Certain employers may prefer to invest in a specific program …
How Do I Report Income from Employer-Provided Education Assistance on a W2 Form?
Treat income from employer-provided education assistance as fringe benefits when you report them in Box 1 on a W2 form. Employers enter the value of …
Do I Report Income from Employee Tuition Reimbursement on a W-2 Form?
Report your income from employee tuition reimbursement on a W-2 depending on the amount of provided educational assistance. Do not include the benefits with an …
How Do I Report Income from Employee Transportation Benefits on a W-2 Form?
Use Box 14, marked “Other,” on a Form W-2 if you report income for employee transportation benefits. You should first understand the exclusion rules of …
How Do I Report Income from Employee Transit Passes on a W-2 Form?
First things first, employers do not need to follow any mandated federal reporting requirements for a qualified transportation plan. You may choose to report transportation …
How Do I Report Income from Employee Parking Benefits on a W-2 Form?
Did your business pay more for your employees’ parking than the monthly exclusion limitation? Treat any excess amount as compensation to the employee. Include that …
How Do I Report Income from Employee Relocation Expenses on a W-2 Form?
Report the financial assistance that you pay any relocating employees for their move with their wages on a W-2 form. The Internal Revenue Service previously …