W2, 1042 and 1095-C Processing

Each year, wages, compensation, and other taxable income must be reported to every individual who has been paid. There are different forms issued for different types of payments.

If you are employed by the SDSURF, you will have taxes withheld from your wages, compensation, and other taxable income. At the end of the year, the Payroll office will issue a W2 or 1042S form. The W2 form is used to report all wages, compensation, and other taxable income, as well as the taxes withheld for employees. The 1042S form is issued to foreign nationals with tax treaties or special tax percentages withheld on their income. Occasionally, reported wages, compensation, and other taxable income may be incorrect. When this information needs to be corrected, the Payroll office will issue a W2C form or a corrected 1042S form.

W2

Reports all taxable wages paid to and taxes withheld from an employee during the calendar year. (See Explanation of W2 form) (PDF format, 104KB)*

1042

Reports all US source taxable wages paid to and taxes withheld from NRA employees during the calendar year. (See Explanation of 1042 form) (PDF format, 263KB)*

IRS Form 1095-C

Beginning for tax year 2015, the Foundation provides Form 1095-C to eligible individuals with information about employer health insurance coverage. The forms are not available online as yet and will be mailed to the individual’s home address that is on file with the Payroll office. The Foundation must provide these forms for tax year 2016 to the employees by January 31, 2017. If you have questions about the 1095-C form please contact Payroll.

* Note: Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 9.0 or higher to view. Download Adobe Acrobat Reader