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IRS W2 Form

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What Is A IRS W2 Form?

Every year business owners all over the United States have to complete W-2 forms for their employees. They are usually filled out by January, 31st and sent to the IRS to report the wages and taxes for each employee. They include information about all kinds of remuneration, like tips and compensations, monthly salary, social security taxes and Medicare taxes. This is the basis for a 1040 form (Income Tax Return) filed by every employee individually.

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