W-2 Form Its Purpose and Importance for Employees and Employers
The W-2 form, also known as the Wage and Tax Statement, is a crucial document used for reporting an employee’s annual earnings and tax withholdings to the Internal Revenue Service (IRS). It serves as a comprehensive summary of an individual’s income earned during the tax year and the taxes withheld by their employer. This article delves into the purpose and importance of the W-2 form for both employees and employers.… Read more “W-2 Form Its Purpose and Importance for Employees and Employers”