Federal tax
Form W-2
Form W-2 is the Wage and Tax Statement an employer files for each employee, showing yearly wages paid and the taxes withheld from them.
Every employer must file a Form W-2 for each employee. It reports wages and withheld tax for the year. The employer sends one copy to the employee and one to the Social Security Administration.
Employees use the W-2 to complete their return. Employers build it from payroll records, so the numbers must match what they reported on Form 941. Workers paid as contractors get a Form 1099-NEC instead. An error in worker status is a common cause of payroll tax trouble. The payroll page describes how payroll records feed these forms.
Related terms
Sources
Talk to Wallace CPA
Call the Southlake office and say what you need: a return, an IRS letter, your books or a new business. Have the notice or last year's return nearby if you have one.