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Correcting an Incorrect Retirement Plan Checkbox

The "Retirement Plan" checkbox on a W-2 is critical for determining an employee's eligibility for certain tax deductions. An error here must be corrected on a W-2c to ensure the employee's tax return is accurate, as this checkbox can significantly impact their tax liability.

Step-by-Step Instructions

1. Open W2Correction Mate and either create a new company or open an existing one.
2. Click on the W-2C Forms Tab and then click Add W-2C Form.
3. Enter employer details.
4. Select the wrong status for the "Retirement Plan" checkbox in the "Previously reported" column. Do not change any other fields.
5. Select the correct status for the "Retirement Plan" checkbox in the "Correct information" column. Do not change any other fields.

6. Click Save.
7. To print the employee's copy, select the W-2C Forms tab, select the employee from the list, click Print. In the dialog, select "Copy B—To Be Filed With Employee’s FEDERAL Tax Return".
8. To print the SSA copy, select the W-2C Form tab, select the employee from the list, click Print. In the dialog, select "Copy A—For Social Security Administration".
9. To e-file, select the Summary W-3C Form tab, and click E-File W-2C / W-3C Forms. Fill out information in the dialog, and click the Click here to review the W-3C form button. Click the I have reviewed the W-3C form box. Click OK. Once you create the e-File, you need to upload to the SSA BSO website.
10. Distribute the corrected form.

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Disclaimer: All tutorials provided are for informational purposes only. Please consult the IRS, your state department of revenue, or a tax professional for official advice and guidance regarding tax matters, including W2 corrections and W-2C filing.