Form W-2, formally known as the Wage and Tax Statement, is a detailed form used by employees to report wages and salaries to the Internal Revenue Service (IRS). Unlike independent contractors, who use 1099 forms, employees receive W-2 forms from their employers.
Explore the concept of Information Return, its significance in tax reporting, and examples such as Forms 1099 and W-2. Understand its purpose and implications for taxpayers and the IRS.
Comprehensive Guide to the W-2 Form, including its purpose, contents, and usage for tax filing.
