infotaxsquare
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Location: USA |
What is W2 Form? |
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The federal government document used to report the amount of wages paid to an employee during a calendar year. The W-2 Form includes gross wages paid in addition to Federal and State taxes withheld, as well as Social Security, Medical, and Local Taxes withheld. Also, the W-2 Form includes any payments made to a 401-K. It is the employer's responsibility to send a W-2 Form to all employees.
The employees must attach copies of any W-2's they received to the first page of their individual Form 1040 if any taxes were withheld from their wages. If an individual plans to e-file his or her return, than additional employer information must be entered into the return, such as Employer ID number and employer address.
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