What is a W-2 form?
Author: Ted Farley
Website: http://www.Tax-FAQ.com
Added: Sun, Jul 23, 2006 17:52:28
Category: Tax Questions
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The W-2 is a form that an employee receives from his or her employer once a year. It is also sent to the IRS at the end of every year. The total annual wages paid and the taxes that the employer withheld from each paycheck are shown on the W-2 form. Federal law states that the W-2 form must be mailed by January 31st of each year.
It consists of six copies:
Copy A – Submitted to the Social Security Administration from the employer.
Copy B – Sent to the employee to be attached to the federal income tax return when it is filed.
Copy C – Sent to the employee to be kept for their records.
Copy D – Retained by the employer for their records.
Copy 1 – Sent to the employee to be filed with the state or local tax if required.
Copy 2 – Also sent to the employee to be filed with the state or local tax return if required.
keywords: Taxes | Tax | W2 | Tax Forms About the Author:
Ted Farley answers frequently asked tax questions at PrettyGreatAnswers.com.
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