Where and How Is IRS W2 Applied
It is important for each employer to report the amount of earnings paid to an employee and the amount of taxes withheld on a regular basis. Using an irs w2 form you will experience the easiness of this procedure and will prepare a document in few effortless steps.
What is an irs form w2?
This form is intended for Wage and Tax Statement. In other words, an employer gives detailed information about how much money he/she paid to an employee and how much was taken for taxes. An employer has to prepare a separate form for each employee he/she pays salary, wage or other kind of compensation. Further details provided in this form may be used for preparing other tax forms. After a document is completed, it has to be sent to an employee and the IRS.
How to prepare a form?
Remember that such a form is to be filled by an employer but not an employee. On our website you may find a fillable
irs w2 form sample which can be easily prepared online or downloaded on your computer. If you aren`t asked to prepare a document electronically, a sample form may be filled out online, saved and further printed. Here find a list of requested information that has to be inserted in a document:
- employee`s full name, address and social security number;
- employer`s full name and ID number;
- details about wage paid out, tips and taxes withheld.
After a form is completed, it is necessary to check if all data provided is true and correct. Later a copy of this form will be attached to an employee`s tax return.
