W-2 Deadlines, Penalties, & Extension for 2019

Form W-2 is an annual payroll report that shows the amount of taxes withheld from the employees’ paycheck for the year and is used to file federal and state taxes.

As 2019 has already started, it is important for all the employers to issue Form W-2 to their employees without any delay so they can start preparing their annual tax returns. And, as an employer, you must also file copies of W-2s to the Social Security Administration (SSA), along with Form W-3 (a transmittal summarizing the W-2s); and state government so the governments can check tax returns for accuracy.

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Form W2: Everything You Ever Wanted To Know

form w2

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Form W2 is a multi-part standard tax form that an employer must send to the employees as well as Internal Revenue Service (IRS) at year-end. The form contains employee’s annual wages, Social Security earnings, Medicare earnings, and federal and state taxes withheld from the employee’s paycheck.

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