W-2 Form

(redirected from W-2)
Also found in: Acronyms.

W-2 Form

A form that an employer provides an employee each year indicating the employee's wages, salary, and/or tips and the amount of tax withheld over the course of the year. This helps the employee calculate his/her income tax liability. The W-2 form is the most common tax form in the United States, and every employer is required to provide it to every employee. See also: W-4 Form.
References in periodicals archive ?
A W-2 form contains an employees name, address, Social Security number, income and withholdings.
For every W-2 not filed or incorrectly filed with the SSA, a $50 penalty may be levied if not received within 30 days of the deadline.
In the newest guidance, the IRS provided further relief for smaller employers (those filing fewer than 250 W-2 forms) by making this requirement optional for them at least for 2012 (i.
199; the amendments relate primarily to the determination of W-2 wages for purposes of the W-2 wage limitation.
W-2 wages include more than gross salaries or wages, however.
This article discusses the highlights of the new IRS guidance, as well as the effect of the TIPRA amendments relating to W-2 wages on taxpayers in general and on certain taxpayers in particular.
This included faith-based organizations concerned about how the implementation of W-2 affected the families of their members.
S Corporations and Partnerships: Under the old law, in applying this W-2 wages limitation on the Sec.
W-2 was built on the theory of "full engagement": 40 hours of weekly activity, of which 30 would involve actual work.
W-2 stands for this: to keep getting aid grants, everyone must work in some way.
The Tax Increase Prevention and Reconciliation Act of 2006 (TIPRA) limits a taxpayer's section 199 deduction to 50% of its W-2 wages allocable to domestic production gross receipts (DPGR).
Internal Revenue Service (IRS) to test the capability of a new Form W-2 Verification Code.