COVID-19 Pay on W-2

[Tara Jo]

We printed W-2's and the Covid pay isn't showing in box 14. Can anyone help?

[Just-Lisa-Now-]

Covid pay meaning FFCRA paid sick leave?
Is it suppose to be shown somewhere special? Its treated the same as regular wages for the employee, right?

[rbynaker]

I'm assuming she's referring to this:

https://www.irs.gov/pub/irs-drop/n-20-54.pdf

"Employers will be required to report these amounts either on Form W-2, Box 14, or on a separate statement"

I think ideally this should be in box 14 but it sounds like you might be able to provide a "separate statement" instead if EasyACCT does not cooperate.

But based on all of the posts this year, Intuit may have to remove the word "Easy" from their product or face lawsuits for false advertising.  What a mess!

[Tara Jo]

It is supposed to be in box 14 on the W-2 but it isn't populating...

[Just-Lisa-Now-]

@rbynaker  does it get treated differently by the employee?

[rbynaker]

If the employee also has a business then it impacts the calculations on Form 7202.  If you already got paid by your employer for 10 days of COVID, you don't also get a tax credit for it by being self-employed.

Edit:  See lines 15 & 16  https://www.irs.gov/pub/irs-pdf/f7202.pdf

[Just-Lisa-Now-]

Ahhhh ok, I hadnt considered that angle, thank you! Ive only got one clients that I prepare payroll quarteries and W2s for that had this type of pay, and I know my software didnt really differentiate the FFCRA pay automatically, I can plug it into Box 14 manually though.

[Tara Jo]

How do you put it in manually?

[Just-Lisa-Now-]

I use a different accounting software, sorry.

[rbynaker]

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How do you put it in manually?

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I might try an Ultra-Fine Point Sharpie.

[nickeypoo72]

Do you have it listed as Box 14 for the GP category under "W2 Boxes" of the employees Wage/ Withholding Screen?    that's how I did it.  When I entered Box 14 it wiped out all of the preset checks for the various box codes/taxes - but I just rechecked the ones that needed check.  Printed fine on my W2s.