Who must file IRS Form W2?
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Last modified 3/30/2023 9:35:02 AM EST |
Added by TaxBandits Team
Applicable To
94X
1099
W-2
ACA
W-4
Employers are required to file Form W-2 if they meet either of these conditions:
The employer deducted any social security, Medicare, or income taxes from the employee's wages, regardless of the amount of wages paid.
The employer paid $600 or more in earnings, even if no social security, Medicare, or income taxes were withheld.
Form W-2 captures information such as the employee’s EIN, wages, bonuses, tips, and taxes withheld. This includes social security, Medicare, and income taxes. If an employer is submitting paper Forms W-2, they should include Form W-3, the summary form. When filing the W-2s electronically, Form W-3 is not required.