What is Form 8922?
Form 8922, known as the Third-Party Sick Pay Recap, is used to report sick pay that is paid to employees from a third party, like an insurance company. This form helps employers accurately report these payments to the IRS. It ensures that the sick pay is properly taxed and included in the employee's income. Completing form 8922 is important to avoid tax issues and ensure that employees receive the correct benefits and credits on their tax returns.
What is Form 8922 used for?
Form 8922 is used to report third-party sick pay. It helps ensure accurate tax reporting for sick pay received from sources other than your employer:
- to report sick pay amounts.
- to identify the payer.
- to provide recipient details.
How to fill out Form 8922?
- 1
Gather necessary information: Collect details from your W-2s and any third-party sick pay documentation.
- 2
Enter your personal information: Fill in your name, Social Security number, and tax year.
- 3
Report third-party sick pay: Input the amount received and the payer's information.
- 4
Complete any additional sections: Follow prompts for tax withheld or other specifics.
- 5
Review your entries: Double-check for accuracy to avoid mistakes.
Who is required to fill out Form 8922?
Employers and third-party sick pay providers must complete Form 8922 for tax reporting purposes. This includes reporting sick pay paid to employees.
Afterward, the IRS and the employees affected by the sick pay use the form for tax compliance and record-keeping.
When is Form 8922 not required?
If an employer does not pay sick leave benefits through a third party, there's no need to complete Form 8922. Additionally, if the sick pay was reported on a W-2, Form 8922 is not necessary. Individuals who did not receive any sick pay or were not a part of a third-party sick pay plan can also skip this form.
When is Form 8922 due?
The deadline for Form 8922 is January 31 of the year following the payment of sick pay. This form is used to report third-party sick pay to the IRS.
Make sure to check if you received any third-party sick pay and gather all necessary information before the deadline. Filing on time helps you avoid penalties and ensures accurate reporting to the IRS.
How to get a blank Form 8922?
To get a blank Form 8922, simply visit our platform where the form is pre-loaded in our editor. You can fill it out directly and download it for your records, ensuring you have the necessary information ready for filing.
Do you need to sign Form 8922?
Form 8922 does not require a signature, according to our research. However, it's important to verify this information with the IRS for the most current updates.
Where to file Form 8922?
Form 8922 can be filed by mail. Ensure that you follow the instructions provided on the form for mailing details.
Currently, this form cannot be submitted online. Always double-check the IRS website for updates on filing options.
