2012 W2 Form Compatibility

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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Zorak
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2012 W2 Form Compatibility

Post by Zorak »

W2 forms for the 2012 tax year are supported in PowerChurch Plus Versions 10.4 and higher. To be sure you have the most up-to-date layouts, download the latest Maintenance Release for your version at http://www.powerchurch.com/mr or from within PowerChurch Plus by going to Help > Download Maintenance Release.

Additional functionality is available in later versions of PowerChurch Plus. The ability to list multiple state wages and withholding on the W2 was added in Version 11. PowerChurch Plus Version 11.5 added e-filing of state and federal W2s/W3s through a third party service. For more information about these and other features added over the years in PowerChurch Plus, visit http://www.powerchurch.com/changes.

Reporting Cost of Employer-Sponsored Health Coverage

For the 2012 tax year, certain organizations are now required to report the cost of employer-sponsored health coverage on W2 forms in Box 12, using Code DD. These amounts are not taxable. When processing W2s through PowerChurch Plus, you can edit the information on the screen preview of the forms prior to printing or e-filing. This would be the appropriate place to enter the amounts for employer-sponsored health coverage for each employee, if necessary.

Please review the IRS documentation linked below for more information and to find out if this requirement applies to your organization.

http://www.irs.gov/uac/Form-W-2-Reporti ... h-Coverage

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