A W-2 type, also called a Wage and Tax Assertion, is an official doc issued by employers to their staff that summarizes annual earnings and withholdings for the 12 months. Employers usually ship the W-2 type to their staff by the top of January and are used to file taxes with the federal government.
The W-2 type is a necessary doc for tax functions, offering proof of earnings and aiding within the calculation of taxes owed or refunds due. This kind has been in existence for a number of many years, with its first model launched in 1918.