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W-2 Form Definition

August 31, 2017

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W-2 Form Definition

Form W-2 is a required tax form that employers send to employees and the Social Security Administration (SSA) after the year ends. Employees then use information on the W-2 form to fill out their income tax forms.

Extended Definition
The IRS provides example copies of W-2 forms for employers to see. Employers must use official forms requested from the IRS at 1-800-TAX-FORM or purchased from an office supply store or online. On the W2 form, the employer inputs information about the employee’s earnings and tax payments from the previous year. The employee uses this information about income and taxes paid when filing taxes, and the IRS also gets a copy to ensure the correctness of filed tax forms.

Related Blog Articles:
Payroll Tax Record-Keeping: IRS Requirements
The W-2 Form: What You Need to Know
How to Re-issue a W-2 for Employees on Your Payroll
W2 vs. 1099: Choose Wisely!

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