The employees and the employers both need to know the tax related information. One way to get that information is via a W2 Form. For those who have a permanent job, they know the importance of a W2 Form. The firm or an employee knows the importance of this form and what it can mean at the end of the year.
What is a W2 form?
For those who do not know what a W2 form is, here is a simple explanation. It is a form which every employer must send to the IRS (the Internal Revenue Service) and also to the employee by the end of every year. This form comprises of various details related to the employee’s monthly salary, annual wages, tax information, the taxes withheld from your salary, etc. it is an important piece of documentation which every employee should have. If you work somewhere and it has been more than a year, it is time you get the W2 Form. If your employer does not provide it, you can still have it online.
The importance of the W2 form
Everyone should know the information about their taxes or what the employer deducts from their salary. Every employee is entitled to such information. The form also has federal tax information, original net salary, salary deduction every year, social security number, the employer’s identification number, the medical taxes withheld by the company, and much more. With all this information, you can easily prepare your tax returns with the information available in this Form.
How to get the W2 form online
You can get W2 Form online. You can get the copy of your 2 Form for free from the IRS. All you need is to visit the IRS website and fill the form to request the transcript of the tax returns. The Form has various options; you can fill the necessary details and specify the years about which you need information. The IRS will send you the transcript of your W2 Form in five to ten business days. It is the quickest way to get the W2 form online.
Make sure that you get the W2 form online. It is easy to get. There are a few other websites also where you can get this information. You should know that your employer must send you this form by 31st January every year. If he doesn’t provide you the Form, then you should ask or get it yourself.