Are you an employee who is curious about what a W2 form Wage and Tax statement are, or an employer wondering if they need to provide them? It’s essential that employers and employees understand their responsibilities when it comes to W2 forms. In this article, we’ll walk through everything you need to know. Let’s dive in!
What is a W2 Form?
A W2 Form is an Internal Revenue Service (IRS) tax form that is used to report wages, salaries, and other compensation paid to an employee. The employer must provide the employee with a copy of the completed W2 form so they can file their taxes. The employer is also required to submit copies of the form to the IRS and any applicable state tax agencies.
