Form W-2gu - Guam Wage And Tax Statement - 2013 (Page 5 of 9) in pdf

Notice to Employee

security tips will be credited to your social security record (used to figure

Do you have to file? Refer to the Form 1040 Instructions to determine if you

your benefits).

are required to file a tax return. Even if you do not have to file a tax return,

you may be eligible for a refund if box 2 shows an amount or if you are

(Also see the Instructions for Employee on this page and the back of Copy C.)

eligible for any credit.

Instructions for Employee

Copies B and C; corrections. File Copy B of this form with your 2013 Guam

income tax return. Keep Copy C for your records. If your name, social

(Also see Notice to Employee on this page.)

security number (SSN), or address is incorrect, correct Copies B and C and

ask your employer to correct your employment record. Be sure to ask your

Box 5. This amount may be required to be entered on Form 8959. See Form

employer to file Form W-2c, Corrected Wage and Tax Statement, with the

1040 instructions to determine if you are required to complete Form 8959.

Social Security Administration (SSA) to correct any name, amount, or SSN

Box 6. This amount includes the 1.45% Medicare Tax withheld on all

error reported to the SSA.

Medicare wages and tips shown in Box 5, as well as the 0.9% Additional

Estimated tax. If you expect to owe $1,000 or more in tax (including self-

Medicare Tax on any of those Medicare wages and tips above $200,000.

employment tax) for 2014, you may have to make estimated tax payments to

Box 11. This amount is (a) reported in box 1 if it is a distribution made to you

the U.S. Internal Revenue Service. Use Form 1040-ES, Estimated Tax for

from a nonqualified deferred compensation or nongovernmental section

Individuals.

457(b) plan or (b) included in box 3 and/or 5 if it is a prior year deferral under

Clergy and religious workers. If you are not subject to social security and

a nonqualified or section 457(b) plan that became taxable for social security

Medicare taxes, see Pub. 517, Social Security and Other Information for

and Medicare taxes this year because there is no longer a substantial risk of

Members of the Clergy and Religious Workers.

forfeiture of your right to the deferred amount. This box should not be used if

Cost of employer-sponsored health coverage (if such cost is provided

you had a deferral and a distribution in the same calendar year. If this

by the employer). The reporting in box 12, using code DD, of the cost of

happens and you are or will be age 62 by the end of the calendar year, your

employer-sponsored health coverage is for your information only. The

employer should file Form SSA-131 with the Social Security Administration

amount reported with code DD is not taxable.

and give you a copy.

Credit for Guam income tax withheld. If you are required to file your return

Box 12. The following list explains the codes shown in box 12. You may

with the United States or the Commonwealth of the Northern Mariana Islands

need this information to complete your tax return. Elective deferrals (codes

instead of with Guam, add the Guam income tax withheld to the other

D, E, F, and S) and designated Roth contributions (codes AA, BB, and EE)

withholding tax credits on your income tax return.

under all plans are generally limited to a total of $17,500 ($12,000 if you have

only SIMPLE plans; $20,500 for section 403(b) plans if you qualify for the 15-

Credit for excess social security tax. If you had more than one employer in

year rule explained in Pub. 571). Deferrals under code G are limited to

2013 and more than $7,049.40 in social security tax was withheld, you can

$17,500. Deferrals under code H are limited to $7,000.

have the excess refunded by filing Form 843, Claim for Refund and Request

for Abatement, with the Department of the Treasury, Internal Revenue

However, if you were at least age 50 in 2013, your employer may have

Service Center, Austin, TX 73301-0215, USA. However, if you are required to

allowed an additional deferral of up to $5,500 ($2,500 for section 401(k)(11)

file Form 1040 with the United States, you must claim the excess tax as a

and 408(p) SIMPLE plans). This additional deferral amount is not subject to

credit on Form 1040.

the overall limit on elective deferrals. For code G, the limit on elective

deferrals may be higher for the last 3 years before you reach retirement age.

Unreported tip income. You must file Form 4137, Social Security and

Contact your plan administrator for more information. Amounts in excess of

Medicare Tax on Unreported Tip Income, with your income tax return to

the overall elective deferral limit must be included in income. See the

report at least the allocated tip amount unless you can prove a smaller

“Wages, Salaries, Tips, etc.” line instructions for your tax return.

amount with adequate records. If you have records that show the actual

amount of tips you received, report that amount even if it is more or less

(continued on back of Copy C)

than the allocated tips. Use Form 4137 to figure the social security and

Medicare tax owed on tips you did not report to your employer. Enter this

amount on the wages line of your tax return. (Form 1040-SS filers, see the

instructions for Form 1040-SS, Part I, line 5.) By filing this form, your social

Form W-2gu - Guam Wage And Tax Statement - 2013 Page 5

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