Editing Taxation in the United States (section)

===Reporting and payment===
Employers must report payroll taxes to the appropriate taxing jurisdiction in the manner each jurisdiction provides. Quarterly reporting of aggregate income tax withholding and Social Security taxes is required in most jurisdictions.<ref>See, e.g., IRS [https://www.irs.gov/uac/about-form-941 Form 941]. Electronic filing may be required.</ref> Employers must file reports of aggregate unemployment tax quarterly and annually with each applicable state, and annually at the federal level.<ref>See, ''e.g''., [https://www.irs.gov/pub/irs-pdf/f940.pdf IRS Form 940].</ref>

Each employer is required to provide each employee an annual report on IRS Form W-2<ref>{{cite web|url=https://www.irs.gov/pub/irs-pdf/fw2.pdf |title=IRS Form W-2 |access-date=2013-11-15}}</ref> of wages paid and federal, state and local taxes withheld, with a copy sent to the IRS and the taxation authority of the state. These are due by January 31 and February 28 (March 31 if filed electronically), respectively, following the calendar year in which wages are paid. The Form W-2 constitutes proof of payment of tax for the employee.<ref>See IRS [https://www.irs.gov/pub/irs-pdf/iw2w3.pdf Form W-2 Instructions]. Note that some states and cities obtain their W-2 information from the IRS and from taxpayers directly.</ref>

Employers are required to pay payroll taxes to the taxing jurisdiction under varying rules, in many cases within 1 banking day. Payment of federal and many state payroll taxes is required to be made by [[electronic funds transfer]] if certain dollar thresholds are met, or by deposit with a bank for the benefit of the taxing jurisdiction.<ref>See {{USC|26|6302}} and IRS [https://www.irs.gov/pub/irs-pdf/p15_09.pdf Publication 15] for federal requirements. EFT is required for federal payments if aggregate federal tax payments, including corporate income tax and payroll taxes, exceeded $200,000 in the preceding year. See, e.g., [http://www.state.nj.us/treasury/taxation/njit31.shtml NJ Income Tax – Reporting and Remitting], New Jersey requirements for weekly EFT payment where prior year payroll taxes exceeded $10,000.</ref>