Form W2 is also known as the Wage and Tax statement and is sent by the employer to all the employees as well as the IRS (and the SSA) at the end of each year. The main purpose of the form is to report the employee’s annual wages and the amount that was deducted from their paychecks as tax obligations.

Here are some interesting facts about the W2 form 2019:
- The form should be sent by the employer latest by the end of January.
- The W2 Form will reflect the earnings from the previous year that the earnings were for.
- The W2 Form also includes obligations such as Medicare and Social security.
- The form is also used to check that in case a larger amount is withheld, it can be refunded.

The form comes with a total of 6 copies, each for a distinct filing purpose and additionally, it has numbered boxes. These numbered boxes stand for what information needs to be added in each.

Are you looking to file your W2 form this year and need the proper filing instructions, deadlines and caution regarding the penalties; then you simply need to reach out to our team of bookkeeping experts on 1-844-860-1101.