MyTaxForm Walmart provides many services to current & former employees after quitting or termination. See following for our breakdown:
To access, download, edit, and print their Walmart W2 forms through the new online portal mytaxform.com. To access and download the form, go to the mytaxform.com website. Enter your Employer Code, to log in. Then type your SSN and PIN. Select, “Get Your W2 form” and print a copy. Read on to find out more…
To get your PIN, go to walmartone.com. Take note of the first four digits of your gross pay (latest salary). For example, if your gross pay is $18444.50, your PIN is 1844 initially until you change it.
What Is A Walmart W2 Form?
- 1 What Is A Walmart W2 Form?
- 2 Understanding Your Walmart W2 Form
- 2.1 Boxes B, and C – Employer’s Identification Number, Name, and Address
- 2.2 Boxes A, E, & F – Employee’s Social Security Number, Name, Address, & Zip Code
- 2.3 Box 1 – Wages, Tips, and Other Compensation
- 2.4 Box 2 – Federal Income Tax Withheld
- 2.5 Boxes 3, 4, 5, and 6 – Social Security and Medicare
- 2.6 Box 7 – Social Security Tips
- 2.7 Box 8 – Allocated Tips
- 2.8 Box 9 – Blank Box
- 2.9 Box 10 – Dependent Care Benefits
- 2.10 Box 11 – Non-qualified plans
- 2.11 Box 12 – Additional Benefits
- 2.12 Box 13 – Status Boxes
- 2.13 Box 14 – Other
- 2.14 Box 15 – Walmart State ID Number
- 2.15 Box 16 – State wages, tips, etc.
- 2.16 Box 17 – State Income Tax
- 2.17 Box 18, 19, and 20 – Boxes dedicated to local tax data.
- 3 Frequently Asked Questions:
- 4 What Is Walmart’s EIN Number in 2022?
- 5 Using Software To Get W2 Form Data
- 6 How To Avoid Tax Fraud
- 7 Conclusion
A Walmart W2 form is an important tax document that an employer submits to the Internal Revenue Service (IRS) at the end of each year. This tax document serves as the official record of your annual earnings (salary, incentives, winnings, commissions, etc.), and the taxes that you remitted for the year for employees and former employees.
Understanding Your Walmart W2 Form
Below we detail all the boxes contained on the W2 form and what they are required for.
Boxes B, and C – Employer’s Identification Number, Name, and Address
Walmart’s Identification number (WIN), name, address, and zip code are indicated in these boxes.
Boxes A, E, & F – Employee’s Social Security Number, Name, Address, & Zip Code
Make sure that all the entries (your social security number, name address, and zip code) in these boxes are accurate. To edit select “Correct an Error on My W-2” on the mytaxform website.
Proceed with the editing and after you have completed the process, a confirmation letter regarding the changes you have made on your W-2 form will be sent to you.
Box 1 – Wages, Tips, and Other Compensation
Please note that the amount indicated in the box is your taxable earnings (total income minus withheld tax) and not your gross income.
Box 2 – Federal Income Tax Withheld
The figure in this box is the total amount of income tax withheld. Please note that this is not the amount of tax that you will pay.
Boxes 3, 4, 5, and 6 – Social Security and Medicare
Sections 3 and 5 indicate the number of wages that were taxed for social security and Medicare. Sections 4 and 6 indicate the amount of tax withheld.
Box 7 – Social Security Tips
You will find the amount in social security tips that you declared to your employer in this box.
Box 8 – Allocated Tips
The actual amount in social security tips that your employer received is indicated in this box.
Box 9 – Blank Box
This following box after 8 has no entry because the government changed the payout system for Earned Income Tax Credit in 2011.
Box 10 – Dependent Care Benefits
Total amount spent on childcare expenses.
Box 11 – Non-qualified plans
If you have been a non-qualified recipient of a retirement plan, the amount you received will be shown in the box.
Box 12 – Additional Benefits
The total amount of additional benefits and payments that you received during the taxable period.
Box 13 – Status Boxes
You will find three boxes (marked by the employer) indicating whether you are a statutory employee, retirement plan beneficiary, and recipient of third-party sick pay of Walmart.
Box 14 – Other
Additional deductions such as union dues and educational assistance are shown in this box.
Box 15 – Walmart State ID Number
Walmart employees who were assigned in different branches (two states) within the taxable period will be given one W2 form per state, as the taxable earnings are listed separately.
Box 16 – State wages, tips, etc.
You will find your total earnings for the taxable period in this box.
Box 17 – State Income Tax
The amount of state income tax withheld is indicated in this box.
Box 18, 19, and 20 – Boxes dedicated to local tax data.
Local tax data relevant to your location.
Frequently Asked Questions:
When Does Walmart Send Out w2?
Law mandates employers release the W-2 forms to employees on or before January 31 so they have enough time to prepare the filing of their tax returns before the April 15 deadline.
It is a federal mandate from the Internal Revenue Service (IRS) in the USA that all employers such as walmart send our w2 forms to their employees between the 31st of January and The 28th of February on any given year.
What Is Walmart’s EIN Number in 2022?
Each business in the United States is given a specific number to identify who they are by the Internal Revenue Service (IRS) for tax purposes. This is called an ’employer identification number’ or ‘EIN.’ Walmarts EIN is 71-0415188. This is also sometimes referred to as an ’employer ID’, ’employer ID number’, ‘federal employer identification number’ or ‘fein number.’
How many copies of the W-2 Form should I receive?
You will obtain three copies of the W2 Form. One for the federal tax return, one for the state tax return, and one for you to keep.
How important is this tax document?
The Walmart W2 online form is an official proof of income recognized by the IRS and other federal state agencies. It can be used in mortgage applications and legal proceedings.
What is the Withholding Tax?
This is the tax deducted from your salary every payday. The withholding tax is paid directly to the government by the employer. The total amount withheld is credited against your annual income tax. If you overpaid your withholding tax, you would get a tax refund. If the amount withheld falls short, you will be asked to settle an additional tax bill.
To find out if you are not falling behind your tax obligations, use the IRS Tax Withholding Estimator. This tool will let you know how much tax should be withheld from your paycheck.
Using Software To Get W2 Form Data
Get your tax documents faster by opting for the online delivery service. Just go to the “Online Delivery Consent” section of mytaxform.com. Then choose the documents you prefer to be sent electronically. The good thing about online delivery is that you can request as many copies as needed anytime.
Using Walmart W2 Import Code 2022
Simplify your tax returns by getting help from any of these tax providers: Turbo Tax, H&R Block, Credit Karma Tax, and TaxAct in preparing your income tax returns. Just look for the “Import Code” printed on your W2 form and use it to transfer your W2 form data to the tax preparation software of your choice.
How To Avoid Tax Fraud
During tax season, identity thieves aggressively look for opportunities to defraud the IRS. If they obtain it they can use your Social Security Number (SSN) to file a tax return and fraudulently claim a tax refund. Guard your personal information and follow these tips to avoid tax-related fraud.
File Your Tax Return Early
Even if the deadline has been extended this year if you can file early, do it. This way, any attempt by a scammer will be thwarted by the IRS.
Skip Using Public Wi-Fi Access
Use it for surfing but never for logging in to your accounts (financial, email, investment, bank, mortgage, or tax portal account) that contain sensitive information. Public Wi-Fi networks are unsecured so hackers or skimmers can easily steal your personal information. Avoid sending or downloading files via Public Wi-Fi too.
Be Wary of Unpaid Tax Scams
If you received an email or a text or a call from someone claiming to be an IRS representative assigned to collect unpaid taxes due immediately, opt to ignore the message. The caller may threaten to revoke your license, immigration status, or report you to the police.
Remember, if you have unpaid taxes you will receive notification from the IRS by mail. Then the IRS will give you detailed instructions on how to settle your dues at the United States Treasury.
If you think you are the victim of a scamming operation, immediately go to the following link and prepare a report on the incident: www.irs.gov/individuals/how-do-you-report-suspected-tax-fraud-activity.
if you have been receiving suspicious calls, messages, or email, visit https://www.irs.gov/newsroom/how-to-know-its-really-the-irs-calling-or-knocking-on-your-door, Check the Security Measures Implemented by Your Tax Preparer. Before you hire someone to do your taxes, inquire how he/she will store and protect your tax data and financial documents.
Do not forget to do a background check on your tax preparer. Better yet, hire a tax professional referred by a relative, friend, or colleague. Mail Your Tax Documents at the Post Office. If you prefer to file your tax returns through the mail, drop your documents at the Post Office or in a USPS mailbox.