Software of the Month Club 1996 August/Software of the Month Club 1996 August.iso/pc/dos/biz/instapay/laser95/usw2i__1.hr5

Text File | 1995-10-12 | 11KB | 246 lines

&l8c66pe66F&s0C)0U)s1p6vsb4T(0U(s1p10vs1b4T&a4c4r4LNotice to Employee:
(0U(s1p8vsb4T&l4.8C(s1BRefund. - (sBEven if you do not have to
file a tax return, you should file to get a
refund if box 2 shows Federal income tax
withheld, or if you can take the earned
income credit.
&a14.17R(s1BEarned Income Credit (EIC). -(sB You must
file a tax return if any amount is shown in box 9.
&a16.67R   You may be able to take the EIC for 1995 if
(s1B(1)(sB you do not have a qualifying child and
you earned less than $9,230, (s1B(2)(sB you have one
qualifying child and you earned less than
$24,396, or (s1B(3)(sB you have more than one
qualifying child and you earned less than
$26,673.  (s1BAny EIC that is more than your tax(sB
(s1Bliability is refunded to you, but only if you(sB
(s1Bfile a tax return.(sB If you have at least one
qualifying child, you may get as much as
$1,257 of the EIC in advance by completing
Form W-5.  Your 1995 income tax return
instructions and Pub. 596 explain the EIC in
detail.  You can get these items by calling
1-800-TAX-FORM (829-3676).
&a32.67R(s1BCorrections. - (sBIf your name, social security
number (SSN), or address is incorrect,
correct Copies B, C, and 2 and ask your
employer to correct your employment record.
Be sure to ask the employer to file
(s1BForm W-2c,(sB Statement of Corrected Income
and Tax Amounts, with the Social Security
Administration (SSA) to correct any name,
address, amount,  or SSN error reported to the
SSA on Copy A of Form W-2. If your name
and SSN are correct but are not the same as
shown on your social security card, you
should ask for a new card at any Social
Security office or call 1-800-SSA-1213.
&a47.17R(s1BCredit for Excess Taxes. -(sB If more
than one employer paid you wages during
1995 and more than the maximum
&a81c6.67r81Lsocial security employee tax, railroad
retirement (RRTA) tax, or combined
social security and RRTA tax was withheld,
you may claim the excess as a credit
against your Federal income tax. See your
income tax return instructions.
&a13.33R(s1BBox 1.-(sB Enter this amount on the wages
line of your tax return.
(s1BBox 2.-(sB Enter this amount on the Federal
income tax withheld line of your tax return.
(s1BBox 8.-(sB This amount is (s1Bnot(sB included in boxes
1, 5, or 7. For information on how to report
tips on your tax return, see your tax return
instructions.
(s1BBox 9.-(sB Enter this amount on the advance
earned income credit payment line of your tax
return.
(s1BBox 10.-(sB This amount is the total dependent
care benefits your employer paid to you (or
incurred on your behalf).  Any amount over
$5,000 is included in box 1. This amount
may be taxable unless you complete Schedule 2
of Form 1040A or Form 2441.
(s1BBox 11.-(sB This amount is a distribution
made to you from a nonqualified deferred
compensation or section 457 plan and is
included in box 1.  Or, it may be a contribution
by your employer to a nonqualified deferred
compensation plan that is included in box 3
and/or 5.
(s1BBox 12. -(sB You may be able to deduct
expenses that are related to fringe benefits;
see the instructions for your tax return.
(s1BBox 13.-(sB The following list explains the codes
shown in box 13.  You may need this informa-
tion to complete your tax return.
(s1BA -(sB  Uncollected social security tax on tips
(see "Total Tax" in Form 1040 instructions)
(s1BB -(sB  Uncollected Medicare tax on tips (see
"Total Tax" in Form 1040 instructions)
(s1BC -(sB  Cost of group-term life insurance
coverage over $50,000
&a156c6.67r156L(s1BD -(sB  Elective deferrals to a section 401(k)
cash or deferred arrangement
(s1BE -(sB  Elective deferrals to a section 403(b)
salary reduction agreement
(s1BF -(sB  Elective deferrals to a section 408(k)(6)
salary reduction SEP
(s1BG -(sB  Elective and nonelective deferrals to a
section 457(b) deferred compensation plan
(s1BH -(sB  Elective deferrals to a section
501(c)(18)(D) tax-exempt organization plan
(see Form 1040 instructions for how to deduct)
(s1BJ -(sB  Sick pay not includible as income
(s1BK -(sB  Tax on excess golden parachute
payments
(s1BL -(sB  Nontaxable part of employee business
expense reimbursements
(s1BM -(sB  Uncollected social security tax on cost
of group-term life insurance coverage over $50,000
(former employees only) (see Form 1040 instruc-
tions)
(s1BN -(sB  Uncollected Medicare tax on cost of group-
term life insurance coverage over $50,000 (former
employees only) (see Form 1040 instructions)
(s1BP -(sB  Excludable moving expense
reimbursements
(s1BQ -(sB  Military employee basic quarters and
subsistence
&a35R(s1BBox 15.-(sB If the "Pension plan" box is marked,
special limits may apply to the amount of IRA contri-
butions you may deduct. If the "Deferred comp-
ensation" box is marked, the elective deferrals in
box 13 (for all employers, and for all such plans
to which you belong) are generally limited to $9,240.
Elective deferrals for section 403(b) contracts are
limited to $9,500 ($12,500 in limited circumstances,
see Pub. 571). The limit for section 457(b) plans
is $7,500. Amounts over that must be included in
income. See instructions for Form 1040.
&l8C(0U(s1p6vsb4T&a15c31.8RCopyright (c) 1995 form software only CPSystems, Inc.
(0U(s1p8vsb4T&a31.8R&a3554HForm (s1BW-2 Wage and Tax Statements 1995 (sB(Instructions)
(0U(s1p10vs1b4T&a4c35r4LNotice to Employee:
(0U(s1p8vsb4T&l4.8C(s1BRefund. - (sBEven if you do not have to
file a tax return, you should file to get a
refund if box 2 shows Federal income tax
withheld, or if you can take the earned
income credit.
&a65.83R(s1BEarned Income Credit (EIC). -(sB You must
file a tax return if any amount is shown in box 9.
&a68.33R   You may be able to take the EIC for 1995 if
(s1B(1)(sB you do not have a qualifying child and
you earned less than $9,230, (s1B(2)(sB you have one
qualifying child and you earned less than
$24,396, or (s1B(3)(sB you have more than one
qualifying child and you earned less than
$26,673.  (s1BAny EIC that is more than your tax(sB
(s1Bliability is refunded to you, but only if you(sB
(s1Bfile a tax return.(sB If you have at least one
qualifying child, you may get as much as
$1,257 of the EIC in advance by completing
Form W-5.  Your 1995 income tax return
instructions and Pub. 596 explain the EIC in
detail.  You can get these items by calling
1-800-TAX-FORM (829-3676).
&a84.33R(s1BCorrections. - (sBIf your name, social security
number (SSN), or address is incorrect,
correct Copies B, C, and 2 and ask your
employer to correct your employment record.
Be sure to ask the employer to file
(s1BForm W-2c,(sB Statement of Corrected Income
and Tax Amounts, with the Social Security
Administration (SSA) to correct any name,
address, amount,  or SSN error reported to the
SSA on Copy A of Form W-2. If your name
and SSN are correct but are not the same as
shown on your social security card, you
should ask for a new card at any Social
Security office or call 1-800-SSA-1213.
&a98.83R(s1BCredit for Excess Taxes. -(sB If more
than one employer paid you wages during
1995 and more than the maximum
&a81c58.33r81Lsocial security employee tax, railroad
retirement (RRTA) tax, or combined
social security and RRTA tax was withheld,
you may claim the excess as a credit
against your Federal income tax. See your
income tax return instructions.
&a65R(s1BBox 1.-(sB Enter this amount on the wages
line of your tax return.
(s1BBox 2.-(sB Enter this amount on the Federal
income tax withheld line of your tax return.
(s1BBox 8.-(sB This amount is (s1Bnot(sB included in boxes
1, 5, or 7. For information on how to report
tips on your tax return, see your tax return
instructions.
(s1BBox 9.-(sB Enter this amount on the advance
earned income credit payment line of your tax
return.
(s1BBox 10.-(sB This amount is the total dependent
care benefits your employer paid to you (or
incurred on your behalf).  Any amount over
$5,000 is included in box 1. This amount
may be taxable unless you complete Schedule 2
of Form 1040A or Form 2441.
(s1BBox 11.-(sB This amount is a distribution
made to you from a nonqualified deferred
compensation or section 457 plan and is
included in box 1.  Or, it may be a contribution
by your employer to a nonqualified deferred
compensation plan that is included in box 3
and/or 5.
(s1BBox 12. -(sB You may be able to deduct
expenses that are related to fringe benefits;
see the instructions for your tax return.
(s1BBox 13.-(sB The following list explains the codes
shown in box 13.  You may need this informa-
tion to complete your tax return.
(s1BA -(sB  Uncollected social security tax on tips
(see "Total Tax" in Form 1040 instructions)
(s1BB -(sB  Uncollected Medicare tax on tips (see
"Total Tax" in Form 1040 instructions)
(s1BC -(sB  Cost of group-term life insurance
coverage over $50,000
&a156c58.33r156L(s1BD -(sB  Elective deferrals to a section 401(k)
cash or deferred arrangement
(s1BE -(sB  Elective deferrals to a section 403(b)
salary reduction agreement
(s1BF -(sB  Elective deferrals to a section 408(k)(6)
salary reduction SEP
(s1BG -(sB  Elective and nonelective deferrals to a
section 457(b) deferred compensation plan
(s1BH -(sB  Elective deferrals to a section
501(c)(18)(D) tax-exempt organization plan
(see Form 1040 instructions for how to deduct)
(s1BJ -(sB  Sick pay not includible as income
(s1BK -(sB  Tax on excess golden parachute
payments
(s1BL -(sB  Nontaxable part of employee business
expense reimbursements
(s1BM -(sB  Uncollected social security tax on cost
of group-term life insurance coverage over $50,000
(former employees only) (see Form 1040 instruc-
tions)
(s1BN -(sB  Uncollected Medicare tax on cost of group-
term life insurance coverage over $50,000 (former
employees only) (see Form 1040 instructions)
(s1BP -(sB  Excludable moving expense
reimbursements
(s1BQ -(sB  Military employee basic quarters and
subsistence
&a86.67R(s1BBox 15.-(sB If the "Pension plan" box is marked,
special limits may apply to the amount of IRA contri-
butions you may deduct. If the "Deferred comp-
ensation" box is marked, the elective deferrals in
box 13 (for all employers, and for all such plans
to which you belong) are generally limited to $9,240.
Elective deferrals for section 403(b) contracts are
limited to $9,500 ($12,500 in limited circumstances,
see Pub. 571). The limit for section 457(b) plans
is $7,500. Amounts over that must be included in
income. See instructions for Form 1040.
&l8C(0U(s1p6vsb4T&a15c62.8RCopyright (c) 1995 form software only CPSystems, Inc.
(0U(s1p8vsb4T&a62.8R&a3554HForm (s1BW-2 Wage and Tax Statements 1995 (sB(Instructions)
(0B(s0p10h12v0s1b0T&a3c32.5R\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\^\
&l8ce66F(8U(sp10h12vsb3T&acrL