W-2
Accounting & Bookkeeping Glossary
Definition
A W-2 is a tax form that reports an employee's annual wages and the taxes withheld from their paychecks. Employers must provide W-2s to employees and the IRS by January 31 each year. If you have employees, generating accurate W-2s is non-negotiable — errors cause headaches for your employees' personal tax returns and can trigger IRS inquiries.
Need help with w-2?
Learn more about our outsourced payroll services and how we can help your business.
Outsourced Payroll ServicesRelated Terms
Need bookkeeping help?
Let Steph's Books handle your books so you can focus on running your business.