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general:w2_enter_third_party_sick_pay [2018/11/01 19:49] – created emorenogeneral:w2_enter_third_party_sick_pay [2020/11/12 13:57] (current) – emoreno
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-(If necessary) Enter third party sick pay.+\\  [[payroll:maintenance:calendarytddata:thirdpartysickpay|Payroll > Maintenance > Calendar YTD Data > Third Party Sick Pay]] 
  
-If you do not have third-party sick pay, skip this step. If the employee was directly paid third party sick pay or disability pay, proceed with this step to enter the data to match the report from your third party administrator.+**Skip this step** if you do not use third-party sick pay. 
  
-The Third party Sick pay tab is used to display and maintain the third-party sick pay or disability pay that was paid directly to the employee. When reported to the employer, the data is compiled and available for W-2 reporting. Third-party sick pay is displayed in Box 12 - J on the W-2. +If the employee received sick or disability pay directly from a third party, enter the data from the third-party administrator report. 
  
-Many companies do not send the information until late January. The amounts paid to the district employees must be entered on the employee’s w-2 and the district 941 reporting. If the taxable fields (Withholding, Medicare, and FICA) are populated, the third-party sick pay changes the W-2 totals. Be sure to generate the HRS5100 - W-2 Forms report again for updated totals. +  * Third-party sick pay is displayed in Box 12 - J on the W-2.  
 +  * The amounts paid to the employees must be entered on the employee’s W-2 and 941 reporting. If the taxable fields (**Withholding**, **Medicare**, and **FICA**) are populated, the third-party sick pay changes the W-2 totals. Be sure to generate the HRS5100 - W-2 Forms report for updated totals.  
 +  * Review IRS Publication 15-A and your LEA’s sick pay policy.  
 +\\ 
 +VCV Click **Add** to display the third-party data fields. 
  
-Review IRS Publication 15-A and your LEA’s sick pay policy.  +{{:general:process_w2_forms_-_add_third_party_sick_pay.jpg|Add Record On Third Party Sick Pay Tab}} 
-Run the HRS5200 – Third Party Sick Pay report to verify totals from the Reports < HR Reports > Quarterly Annual Report. Print and verify third party sick pay totals again the third party provider statement. + 
 +VCV Enter data from the third-party reports in the appropriate fields.  
 + 
 +{{:general:process_w2_forms_-_enter_third_party_sick_pay.jpg|Enter Data On Third Party Sick Pay Tab}} 
 + 
 +VCV Click **Save**. 
 + 
 +---- 
 + 
 + 
 +VCV Generate the [[payroll:reports:quarterlyannualreports:thirdpartysickpayreport|Payroll > Reports > Quarterly Annual Report > HRS5200 – Third Party Sick Pay Report]] to verify the third-party sick pay totals against the third party provider statement.  
 + 
 +{{:general:process_w2_forms_-_third_party_sick_pay_report_parameter_page.jpg|Third Party Sick Report Parameter Page}} 
 + 
 +{{:general:process_w2_forms_-_third_party_sick_pay_preview_report.jpg|Third Party Sick Pay Preview Report}}
  
  
general/w2_enter_third_party_sick_pay.1541101740.txt.gz · Last modified: 2018/11/01 14:49 (external edit)

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