IRS FORM
W-2
Wage and Tax Statement
Wage and Tax Statement
Per the IRS, every employer engaged in a trade or business who pays remuneration, including noncash payments of $600 or more (or any amounts, if income, social security, or Medicare tax was withheld)–for services performed by an employee during the year must file a Form W-2 for those employees (even if an employee is related to the employer) from whom:
- Income, Social Security, or Medicare tax was withheld.
- Income tax would have been withheld if the employee had claimed no more than one withholding allowance or had not claimed exemption from withholding on Form W-4, Employee’s Withholding Allowance Certificate.