IRS Form W2 Explained

The IRS Form W-2 is an important document that employers must provide to their employees and the IRS every year. It reports the employee's wages, tips, and other compensation, as well as taxes withheld from their paychecks. In this tutorial, we will explain the purpose of the W-2 form, who needs to file it, and how to fill it out correctly. Here are some of the topics covered in this tutorial: What is the IRS Form W-2 and why is it important? Who needs to file a W-2 form and when is it due? Understanding the different sections of the W-2 form How to fill out the W-2 form correctly Common mistakes to avoid when filling out the W-2 form Tips for employers and employees when dealing with the W-2 form By the end of this tutorial, you will have a clear understanding of the purpose and importance of the W-2 form, as well as how to correctly complete it.