A W-2 form, also known as the Wage and Tax Statement, is the document an employer is required to send to each of their employees and the Internal Revenue Service (IRS) at the end of the year. The W-2 form reports the employee’s annual wages and the amount of taxes withheld from his or her paychecks. A W-2 employee is someone whose employer deducts taxes for and submits to the government—Read more at Investopedia. Kagan, Julia. “W-2 Form.” 16 September 2019