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EdwardSam
Mar 21, 2019 5:56 AM UTC
Solved

Issuing W2's after company is sold.

If I sell my company mid-year how do I issue W2's to employees? Forms are not available now and I may not have access to payroll records at year end. Or will the successor company be responsible for that?

JenoP
JenoPAnswer
Mar 21, 2019 7:25 AM UTC

Hi there, EdwardSam.

 

Annual tax forms will be updated towards the end of the year. A downloadable Form W2 for 2019 is already available on the IRS website. Then, run payroll reports in QuickBooks and hand-write the amounts while you can still access your payroll records. Here's how: 

 

  1. Download the form here:

    https://www.irs.gov/pub/irs-pdf/fw2.pdf

  2. Run the Tax Form Worksheets report to get the amounts. Open this article and look for Tax Form Worksheets: Excel Based Payroll Reports.

I would also recommend reaching out to an accountant to verify if the new owner should be the filing form at the end of the year. 

 

Let me know if you have other questions. 

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6 replies

JenoP
JenoPAnswer
Mar 21, 2019 7:25 AM UTC

Hi there, EdwardSam.

 

Annual tax forms will be updated towards the end of the year. A downloadable Form W2 for 2019 is already available on the IRS website. Then, run payroll reports in QuickBooks and hand-write the amounts while you can still access your payroll records. Here's how: 

 

  1. Download the form here:

    https://www.irs.gov/pub/irs-pdf/fw2.pdf

  2. Run the Tax Form Worksheets report to get the amounts. Open this article and look for Tax Form Worksheets: Excel Based Payroll Reports.

I would also recommend reaching out to an accountant to verify if the new owner should be the filing form at the end of the year. 

 

Let me know if you have other questions. 

    Rustler
    Rustler
    Mar 21, 2019 10:11 AM UTC
    @JenoP wrote:

    Hi there, EdwardSam.

     

    Annual tax forms will be updated towards the end of the year. A downloadable Form W2 for 2019 is already available on the IRS website. Then, run payroll reports in QuickBooks and hand-write the amounts while you can still access your payroll records. Here's how: 

     

    1. Download the form here: https://www.irs.gov/pub/irs-pdf/fw4.pdf.
    2. Run the Tax Form Worksheets report to get the amounts. Open this article and look for Tax Form Worksheets: Excel Based Payroll Reports.

    No, it is NOT

    a W-4 is not the W-2

    JenoP
    JenoP
    Mar 21, 2019 10:23 AM UTC

    Thanks for the call out, @Rustler.

     

    It looks like I accidentally posted the link for W4. I've already updated it in the original reply.

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