Free IRS W-3 Form in PDF

Free IRS W-3 Form in PDF

The IRS W-3 form, commonly known as the Transmittal of Wage and Tax Statements, functions as a summary document for an employer's annual payroll information submitted to the Internal Revenue Service. This form compiles the total of all W-2 forms issued by an employer, detailing wages paid and taxes withheld for all employees, thus serving a critical role in the reconciliation of employee annual wage reporting. For detailed guidance on accurately filling out and submitting the IRS W-3 form, click the button below.

Get Form

Understanding the intricacies of tax paperwork is crucial for business owners and payroll professionals, with the IRS W-3 form being a key document in the process. This particular form serves as a summary of an employee's annual earnings, taxes withheld, and other payroll information, which employers are required to file if they submit paper copies of Form W-2 for their employees. Essentially, it compiles individual W-2 information for all employees into one document, thereby simplifying the reporting process to the Social Security Administration (SSA). The IRS W-3 form not only ensures that employees' earnings and withholdings are accurately reported but also assists in the maintenance of social security and Medicare funds. Filled with critical data, the completion and submission of this form is a step that requires careful attention to detail and an understanding of its components to avoid common pitfalls that can lead to errors or delays. By making sense of the W-3 form, employers can ensure their compliance with federal regulations, thus contributing to the smooth operation of their business and the well-being of their employees.

Preview - IRS W-3 Form

Attention:

You may file Forms W-2 and W-3 electronically on the SSA’s Employer W-2 Filing Instructions and Information web page, which is also accessible at www.socialsecurity.gov/employer. You can create fill-in versions of Forms W-2 and W-3 for filing with SSA. You may also print out copies for filing with state or local governments, distribution to your employees, and for your records.

The maximum amount of dependent care assistance benefits excludable from income may be increased for 2021. The American Rescue Plan Act of 2021 permits employers to increase the amount of dependent care benefits under their plans that can be excluded from an employee’s income from $5,000 ($2,500 for married filing separately) to up to $10,500 ($5,250 for married filing separately). See section C of Notice 2021-26 in

Internal Revenue Bulletin: 2021-21 | Internal Revenue Service (irs.gov) for more information.

Note: Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of this IRS form is scannable, but the online version of it, printed from this website, is not. Do not print and file Copy A downloaded from this website with the SSA; a penalty may be imposed for filing forms that can’t be scanned. See the penalties section in the current General Instructions for Forms W-2 and W-3, available at www.irs.gov/w2, for more information.

Please note that Copy B and other copies of this form, which appear in black, may be downloaded, filled in, and printed and used to satisfy the requirement to provide the information to the recipient.

To order official IRS information returns such as Forms W-2 and W-3, which include a scannable Copy A for filing, go to IRS’ Online Ordering for Information Returns and Employer Returns page, or visit www.irs.gov/orderforms and click on Employer and Information returns. We’ll mail you the scannable forms and any other products you order.

See IRS Publications 1141, 1167, and 1179 for more information about printing these tax forms.

DO NOT STAPLE

33333

b

Kind of Payer

(Check one)

a Control number

 

 

For Official Use Only

 

 

 

 

 

OMB No. 1545-0008

 

941

Military

943

 

944

 

 

 

 

 

Kind

 

 

Hshld.

Medicare

of

 

CT-1

Employer

 

emp.

govt. emp.

 

 

 

 

 

(Check one)

None apply

501c non-govt.

Third-party

 

 

 

 

 

 

 

 

sick pay

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Check if

State/local

State/local 501c Federal govt.

non-501c

applicable)

 

 

 

 

 

 

 

 

 

 

 

 

c Total number of Forms W-2

 

d Establishment number

1 Wages, tips, other compensation

2 Federal income tax withheld

 

 

 

 

 

 

 

 

 

 

 

 

 

e Employer identification number (EIN)

3 Social security wages

4 Social security tax withheld

 

 

 

 

 

 

 

 

 

 

 

 

 

 

f Employer’s name

 

5

Medicare wages and tips

6 Medicare tax withheld

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7

Social security tips

8 Allocated tips

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

 

 

10 Dependent care benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11 Nonqualified plans

12a Deferred compensation

 

 

g Employer’s address and ZIP code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

h Other EIN used this year

 

13 For third-party sick pay use only

12b

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15 State

Employer’s state ID number

14 Income tax withheld by payer of third-party sick pay

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16 State wages, tips, etc.

 

17 State income tax

18 Local wages, tips, etc.

19 Local income tax

 

 

 

 

 

 

 

 

 

 

 

 

Employer’s contact person

 

 

Employer’s telephone number

For Official Use Only

 

 

 

 

 

 

 

 

 

 

 

 

Employer’s fax number

 

 

Employer’s email address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Under penalties of perjury, I declare that I have examined this return and accompanying documents, and, to the best of my knowledge and belief, they are true, correct, and complete.

Signature

Title

 

Date

Form W-3 Transmittal of Wage and Tax Statements

2022

Department of the Treasury

Internal Revenue Service

Send this entire page with the entire Copy A page of Form(s) W-2 to the Social Security Administration (SSA). Photocopies are not acceptable. Do not send Form W-3 if you filed electronically with the SSA.

Do not send any payment (cash, checks, money orders, etc.) with Forms W-2 and W-3.

Reminder

Separate instructions. See the 2022 General Instructions for Forms

W-2 and W-3 for information on completing this form. Do not file Form

W-3 for Form(s) W-2 that were submitted electronically to the SSA.

Purpose of Form

Complete a Form W-3 transmittal only when filing paper Copy A of Form(s) W-2, Wage and Tax Statement. Don’t file Form W-3 alone. All paper forms must comply with IRS standards and be machine readable. Photocopies are not acceptable. Use a Form W-3 even if only one paper Form W-2 is being filed. Make sure both the Form W-3 and Form(s) W-2 show the correct tax year and employer identification number (EIN). Make a copy of this form and keep it with Copy D (For Employer) of Form(s) W-2 for your records. The IRS recommends retaining copies of these forms for 4 years.

E-Filing

The SSA strongly suggests employers report Form W-3 and Forms W-2 Copy A electronically instead of on paper. The SSA provides two free e-filing options on its Business Services Online (BSO) website.

W-2 Online. Use fill-in forms to create, save, print, and submit up to 50 Forms W-2 at a time to the SSA.

File Upload. Upload wage files to the SSA you have created using payroll or tax software that formats the files according to the SSA’s Specifications for Filing Forms W-2 Electronically (EFW2).

W-2 Online fill-in forms or file uploads will be on time if submitted by January 31, 2023. For more information, go to www.SSA.gov/bso. First- time filers, select “Register”; returning filers, select “Log In.”

When To File Paper Forms

Mail Form W-3 with Copy A of Form(s) W-2 by January 31, 2023.

Where To File Paper Forms

Send this entire page with the entire Copy A page of Form(s) W-2 to:

Social Security Administration

Direct Operations Center

Wilkes-Barre, PA 18769-0001

Note: If you use “Certified Mail” to file, change the ZIP code to “18769-0002.” If you use an IRS-approved private delivery service, add “ATTN: W-2 Process, 1150 E. Mountain Dr.” to the address and change the ZIP code to “18702-7997.” See Pub. 15 (Circular E), Employer’s Tax Guide, for a list of IRS-approved private delivery services.

For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 10159Y

Document Specs

Fact Name Description
Form Designation The IRS W-3 form is officially known as the "Transmittal of Wage and Tax Statements."
Purpose Its purpose is to summarize the total earnings, Social Security wages, Medicare wages, and withholding for all employees for the previous year.
Required Submission The W-3 is submitted to the Social Security Administration (SSA) along with a copy of all the W-2 forms issued by the employer.
Electronic Filing Employers who issue 250 or more W-2 forms are required to file the W-3 form electronically.
Deadline The form must be filed by January 31st of the year following the reporting year.
State-specific Versions Some states might require a separate or additional form similar to the W-3 when filing state tax information; these requirements vary by state and are governed by state tax law.

Instructions on Writing IRS W-3

After an employer completes all the W-2 forms for their employees, the next step typically involves submitting a W-3 form to the Social Security Administration (SSA). This form summarizes the total earnings, Social Security wages, Medicare wages, and tax withholdings for all employees for the previous year. Filing this form accurately is crucial for ensuring that employees' earnings and contributions are correctly reported to the government. Below are the steps needed to complete the W-3 form.

  1. Gather all completed W-2 forms: Before starting the W-3, ensure you have all the W-2 forms filled out for each of your employees.
  2. Enter your Employer Identification Number (EIN): This is the same number used on your W-2 forms, found in box b.
  3. Fill in your establishment's name and address: This information should match what’s on the W-2 forms.
  4. Check the kind of Payer/Type of Employer: You might need to check a box indicating the kind of employer you are, such as private, government, or nonprofit.
  5. Input the total number of W-2 forms: Count and enter the total number of W-2 forms you are submitting with the W-3.
  6. Calculate totals for the following sections: Using the totals from all your W-2 forms, calculate the sums for:
    • Wages, tips, and other compensation
    • Social Security wages
    • Social Security tax withheld
    • Medicare wages and tips
    • Medicare tax withheld
    • Allocated tips
  7. Enter tax information from your payroll: This includes federal income tax withheld and any adjustments for tips and group-term life insurance.
  8. Check and enter any deferred amounts: If applicable, report any deferrals, such as contributions to a retirement plan or deferred compensation.
  9. Sign and date the form: An authorized person must sign the form, confirming that all the information provided is accurate.
  10. Submit the form to the SSA: Remember, the W-3 form, along with the W-2 forms, should be filed to the SSA by the end of January of the following year.

Filling out the W-3 form with attention to detail ensures that the process moves smoothly and that the information reported to the Social Security Administration is accurate. This accuracy is essential for both the employer's records and the employees' future social security and Medicare benefits.⟩

Understanding IRS W-3

What is an IRS W-3 form?

The IRS W-3 form, also known as the Transmittal of Wage and Tax Statements, is a document used by employers to summarize their employees' annual earnings, Social Security, Medicare, and withheld income tax. This form is sent to the Social Security Administration (SSA) along with a copy of Form W-2 for each employee.

Who needs to file the W-3 form?

Employers who are required to file Form W-2 statements also need to file the W-3 form. This includes businesses, government agencies, non-profit organizations, and any other entity that has employees. It serves as a summary report of all W-2 Forms the employer sends to the government.

When is the deadline to file the W-3 form?

The W-3 form must be filed with the Social Security Administration by January 31st each year. This deadline applies for both paper filings and electronic submissions. It is important to meet this deadline to avoid penalties and interest for late submission.

Can the W-3 be filed electronically?

Yes, the W-3 form can be filed electronically through the SSA’s Business Services Online (BSO) portal. In fact, employers who are required to file 250 or more Form W-2s are required to file both the W-2 and W-3 electronically. Filing electronically is encouraged for its efficiency and convenience.

Is there a penalty for not filing the W-3 on time?

Employers who fail to file the required forms on time are subject to penalties. These penalties can vary depending on how late the forms are filed, the size of the business, and whether the failure was due to intentional disregard of filing requirements. The IRS provides detailed information on these penalties on its website.

What should I do if I discover an error on a filed W-3 form?

If an employer discovers an error on a W-3 form that has already been filed, they should correct the error as soon as possible. This involves filing a corrected W-2 form for the affected employee(s) and a new W-3 form that summarizes the corrected W-2 forms. Detailed instructions on how to make corrections are available from the SSA and the IRS.

Common mistakes

Filing tax forms can sometimes feel like navigating through a labyrinth, especially when it comes to the IRS W-3 form. This particular form, which summarizes the total earnings, Social Security wages, Medicare wages, and withholding for all employees for a year, is crucial for accurate tax reporting. Yet, it's common to stumble upon mistakes, some of which can lead to delayed processing or even penalties. Awareness and attention to detail can help avoid these errors, ensuring smooth sailing through tax season.

One of the most frequent blunders people make is incorrectly reporting Social Security and Medicare wages. Often, there's a mismatch between what's reported on the W-3 and the totals from individual W-2 forms. This discrepancy can trigger red flags at the IRS, leading to unwanted attention and possibly an audit. To prevent this, it's vital to double-check that the amounts entered on the W-3 accurately reflect the sum of the corresponding boxes on all W-2 forms submitted by the employer.

Another common error involves typos or math mistakes. Human error is natural when dealing with numbers, but even a single misplaced digit can cause complications with the IRS. Before submitting the W-3, reviewing all numerical entries for accuracy can save a world of trouble. Equally important is ensuring that the form's totals add up correctly, as arithmetic errors can also lead to discrepancies and processing delays.

Failure to use the correct version of the form is another pitfall. The IRS periodically updates its forms to reflect current legislation and regulations. Using an outdated W-3 form can result in the rejection of your submission. It’s critical to obtain the most recent version of the form from the IRS website or ensure that electronic filing software is up-to-date.

Some individuals mistakenly believe they do not need to file a W-3 if they use electronic filing for W-2 forms. While e-filing does streamline the process, the IRS still requires a W-3 for paper submissions. This misconception can lead to incomplete tax reporting. It's essential to understand the requirements for your specific filing method and adhere to them diligently.

Incorrect employer information, such as name, address, or Employer Identification Number (EIN), is another frequent oversight. This information must match exactly what the IRS has on file. Any discrepancy can lead to the form being returned for correction, delaying the entire process. Hence, it's paramount to verify all employer details before filing.

Last but not least, a significant misstep is not providing the correct number of W-2 forms to accompany the W-3. Each employee's W-2 form must be accounted for, and failing to enclose the correct number can result in the IRS questioning the accuracy of the payroll data. Ensuring that the number of W-2 forms matches the number of employees reported can help avoid this issue.

Navigating the intricacies of IRS forms might not be the most thrilling adventure, but it's a necessary part of responsible business and tax management. Being proactive and vigilant when preparing the W-3 form can prevent common mistakes, ensuring compliance and avoiding unnecessary stress come tax time.

Documents used along the form

When dealing with the IRS W-3 form, an essential part of yearly business tax filings, it's common to encounter several other forms and documents. These elements play a crucial role in ensuring the accuracy and completeness of an organization's tax records. Here is a brief overview of some of these key documents.

  • Form W-2, Wage and Tax Statement: This form is crucial for employers. It reports an employee's annual wages and the amount of taxes withheld from their paycheck. Form W-2 is the source document that summarizes the information employers need to compile and submit via Form W-3.
  • Form 941, Employer's Quarterly Federal Tax Return: Employers use this form to report income taxes, Social Security tax, or Medicare tax withheld from employees' paychecks. Additionally, it's used to pay the employer's portion of Social Security or Medicare tax.
  • Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return: This document reports the employer's annual federal unemployment taxes. The FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs.
  • Form 1099-MISC, Miscellaneous Income: For businesses that hire independent contractors or freelancers, this form reports payments made to non-employees. It's an essential document for managing taxes related to contract labor.
  • Form 1096, Annual Summary and Transmittal of U.S. Information Returns: Form 1096 is a summary form used to submit information returns to the IRS. It's a cover sheet for submitting forms such as 1099-MISC and similar documents that report various types of income or transactions.

Together with the IRS W-3, these forms constitute the backbone of a company's annual tax reporting and compliance efforts. Ensuring that these documents are accurately and timely prepared can significantly ease the tax filing process and help maintain compliance with the IRS requirements. Handling these forms might seem overwhelming, but understanding their purpose and how they complement each other can demystify the process and support a smoother execution of one’s tax obligations.

Similar forms

The IRS W-2 form, also known as the Wage and Tax Statement, bears a strong resemblance to the W-3 form. Both documents serve as a conduit for reporting employees' annual earnings and tax withholdings. While the W-3 form acts as a summary of this information for all employees within a company, the W-2 form breaks down the information on an individual basis, providing detailed reporting for each employee. This detail includes income from wages, tips, and other compensation, as well as withheld tax amounts for federal, state, and other taxes.

Form 1096, titled "Annual Summary and Transmittal of U.S. Information Returns," is akin to the W-3 in its function as a summary document. It accompanies the submission of certain types of 1099 forms, which are used to report various types of non-employment income. Just like the W-3 summarizes W-2 information for the IRS, Form 1096 summarizes information from forms such as 1099-MISC, which details miscellaneous income, and sends it to the IRS, providing a consolidated overview for tax purposes.

The IRS Form 941, the Employer’s Quarterly Federal Tax Return, shares similarities with the W-3 in its role in reporting employee tax withholding figures. However, Form 941 is submitted on a quarterly basis and reports wages paid, tips earned by employees, as well as the amount of income tax withheld from employees. This differs from the annual submission requirement of the W-3, showcasing a different periodic approach in taxation reporting yet aiming at a similar goal of tax collection and compliance.

Form 944, titled "Employer’s Annual Federal Tax Return," is designed for smaller employers to report their tax withholdings and contributions to social security and Medicare taxes annually. This form is similar to the W-3 in its annual reporting rhythm but differs in the audience it serves. The W-3, combined with W-2 forms, comprehensively covers tax reporting for employees, while Form 944 allows smaller employers a streamlined method to report their taxes directly to the IRS.

The Schedule K-1 (Form 1065) document also shares a resemblance with the W-3 form in its purpose to report income, deductions, and credits of each partner in a partnership. Though catering to a specific group of entities, it plays a crucial role by detailing how the income and losses of the partnership are divided among its partners. Similar to the W-3’s summary of employee compensation and deductions, the Schedule K-1 delineates individual shares of income and deductions, contributing to the accuracy of each partner's tax obligations.

Lastly, the Form 1094-C, serving as the Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, parallels the W-3 in its summarizing function. This form, along with Form 1095-C, complies with the Affordable Care Act's requirements to report information about offers of health insurance coverage to full-time employees. Much like the W-3 summarizes wage and tax information for the IRS, the Form 1094-C aggregates and reports crucial healthcare coverage information, ensuring employers meet regulatory requirements.

Dos and Don'ts

When dealing with the IRS W-3 form, which serves as a transmittal document for W-2 forms, it's crucial to get things right. Here are some key dos and don'ts to help ensure your form is completed accurately and efficiently.

  • Do double-check all entries for accuracy against the W-2 forms. This can prevent errors and the headache of corrections later.
  • Do use the IRS’s official website to download the latest version of the W-3 form. This ensures you’re using the most current form with the latest requirements.
  • Do fill out the form electronically if possible. Electronic submission is not only faster but also reduces the risk of mistakes.
  • Do keep a copy of the completed W-3 form and all W-2 forms for your records. It’s important to have these documents on hand in case of audits or discrepancies.
  • Don’t use the form to report anything other than wages and taxes. The W-3 is specifically designed for transmitting W-2 information to the Social Security Administration.
  • Don’t forget to provide accurate employer identification numbers (EINs). This number is crucial for the IRS and SSA to process the forms correctly.
  • Don’t submit the form without first verifying that all W-2s are correct and accounted for. Each W-2 form should have a corresponding entry on the W-3 form.
  • Don’t ignore deadlines. Submitting the W-3 form late can result in penalties. Always check the current year’s submission deadline to stay on track.

Following these guidelines can simplify the process of submitting the W-3 form and help avoid common pitfalls. Remember, attention to detail and thoroughness are your best tools when dealing with IRS documentation.

Misconceptions

The IRS W-3 form, officially titled the Transmittal of Wage and Tax Statements, is a document used to summarize an employer's total yearly reports of wages and taxes. However, several misconceptions about this form can lead to confusion. Here are five common misunderstandings and their explanations:

  • Every business must file a W-3 form. This statement is not entirely accurate. Only businesses that submit paper copies of Form W-2, Wage and Tax Statements, for their employees need to also submit a W-3 form. Employers filing W-2 forms electronically do not need to submit a W-3 since the electronic system automatically generates a similar summary report.
  • The W-3 form can be submitted at any time. Contrary to this belief, the W-3 form has a specific deadline. It must be filed with the Social Security Administration (SSA) by January 31st of the year following the tax year being reported. Submissions after this deadline could result in penalties for the employer.
  • Small businesses are exempt from filing the W-3 form. The size of the business does not exempt an employer from the requirement to file a W-3 form, as long as they are submitting any W-2 forms on paper. Regardless of having just one employee or several, if paper W-2s are being filed, a W-3 must accompany them.
  • Corrections to a W-3 can be made simply by submitting a new form. Correcting errors on a W-3 is more complicated than just sending in a revised form. Employers must use Form W-2c, Corrected Wage and Tax Statement, to correct any information on a W-2 after it has been sent to the SSA. Each corrected W-2 requires a separate W-2c form. If these corrections affect the totals reported on the W-3, the corrected W-2c forms will adjust the total amounts without needing to correct the W-3 directly.
  • A W-3 form is required for independent contractors. This misconception is quite common. Form W-3 is only used for summarizing the information of employees reported on Form W-2. For independent contractors, businesses report payments using Form 1099-NEC, Nonemployee Compensation, and no accompanying summary form like the W-3 is necessary.

Key takeaways

When it comes to managing payroll taxes for a business, the IRS W-3 form is a crucial document that provides a summary of an employee's earnings, Social Security, and Medicare taxes for the year. Understanding how to properly fill out and use this form is essential for any employer. Below are key takeaways to ensure compliance and accuracy.

  • Submission Requirements: The W-3 form, along with Form W-2, must be submitted to the Social Security Administration (SSA) by January 31st of the year following the reported wages. This deadline applies whether filing by paper or electronically.
  • Electronic Filing: Employers issuing 250 or more W-2 forms are required to file both the W-2 and W-3 forms electronically. For smaller businesses, electronic filing is recommended due to its quicker processing time and receipt confirmation feature.
  • Accuracy is Key: Ensure all information on the W-3 matches the totals on all W-2 forms submitted. The IRS uses this information to verify an employee’s income tax, Social Security, and Medicare amounts.
  • Corrections: If a mistake is found after submission, you must file a corrected W-3 form and W-2 forms as necessary. The process varies slightly depending on whether the original filing was paper or electronic.
  • Non-Taxable Wages: It’s important to note that not all wages or compensation need to be reported on the W-3. For instance, contributions to a 401(k) or health insurance premiums paid by the employer are not taxable wages and should not be included in the totals.
  • State Requirements: While the W-3 is a federal form, be aware of your state’s reporting requirements. Some states require a separate submission or have additional forms that accompany the W-3 when sent.

Understanding these key points ensures that employers can accurately report to the IRS, maintain compliance, and avoid potential penalties associated with misreporting or late submissions.

Please rate Free IRS W-3 Form in PDF Form
4.5
(Exceptional)
2 Votes

Additional PDF Templates