eHow launches Android app: Get the best of eHow on the go.

What is a W-2?

Video Preview
From Quick Guide: Tax Forms Tutorial

Summary: Tax help! What is a W-2 and do you need one for your taxes? Find out in this free video covering how to use a W-2.

Views:
1,249
Presenter
By Tom Noah
eHow Presenter

Tom Noah has been a Certified Public Accountant (CPA) for over 27 years. In that time he has held positions at several companies as an accountant and a director of financial planning.read more

Click Here

Post a Comment

Post a Comment

Video Transcript

"One thing you will need to prepare your taxes is your W2 wage and tax statement from your employer. You may have more than one statement depending on how many jobs you had during the year but you should have a W2 from each employer and it should be for the full year or all the time that you were employed. The forms will start with your social security number. You should check it and make sure that it is listed correctly and if it is not, you need to contact your employer and get that corrected. It should have your correct name and address and it will list your employer name and the first thing that we will be working with is box number 1 which is your total wages from your employer and box number 2, the federal income tax withheld by that employer. One thing when you are working with a W2, when you are doing your federal tax return, make sure that you get the correct copy of the W2. You will generally have more than one copy when your employer distributes that. You want to make sure that you pull the correct federal tax return copy. "

eHow Article: What is a W-2?

Related Ads

  • Have you done this? Click here to let us know.
Personal Finance
Mark P Cussen, CFP, CMFC,

Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.

Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance