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Form W-2G for Moreno Valley California: What You Should Know
In April 2018, the Internal Revenue Service (IRS) changed how the filing of federal tax returns for individuals is done. In other words, the IRS is no longer requiring Form W-2G or a Form W-2G-C as one of the three required forms, but it is still accepting Forms W-2G when the return is prepared using those forms. The reason given for the new policy is that Form W-2G was being used in the past for the filing of both individual and married filing jointly returns. Taxpayers may want to consider filing as a single taxpayer or as the spouse of a single taxpayer. (It makes more tax sense to file as the single taxpayer, since there is no withholding on only one return and tax withheld does not go to the IRS. It goes to the Social Security Administration.) IRS Form W-2 G Tax Return Required for Individuals β IRS-US IRS Form W-2 G Tax Return Required for Individuals β IRS: Taxpayer's Resource IRS Form W-2 G Tax Return Required for Individuals β IRS: Taxpayer's Resource IRS-US Form W-2 G, (W-2G) β IRS The Form W-2G form is also required by law to report the sale of stock in certain non-employee business (PEO) corporations and partnerships. Form W-2G G β State of California For Tax Year 2024 and earlier, California does not require a Form W-2G form for any business income. The requirement is only required for business income received in 2024 and later. California Department of Accounting and Finance β Department of Business Oversight Form W-2G G β California Department of Tax and Fee Administration β Department of Business Oversight What does Form W-2G tell me? Form W-2G tells you if your income from any source is subject to withholding and if you are required to complete one or both of these forms. The bottom line is that Form W-2G G shows the amount of federal income tax you paid or were required to withhold in 2024 and earlier tax years. Since the income tax filing window closes on January 31 each tax year, the amount of the federal income tax paid does not decrease with the calendar year. The income tax return must be filed in February and is due on April 15.
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