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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?

Best answer a month ago

Accepted Solutions
QuickBooks Team

Re: Issuing W2's after company is sold.

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. 

4 Comments
QuickBooks Team

Re: Issuing W2's after company is sold.

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. 

Established Community Backer ***

Re: Issuing W2's after company is sold.


@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

QuickBooks Team

Re: Issuing W2's after company is sold.

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.

Established Community Backer ***

Re: Issuing W2's after company is sold.

Thanks