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Frequently Asked Questions

What is 1040 and W2?

Your personal tax return is an IRS Form 1040. The W-2 is a form used by your employer to report (to you and to the IRS) your wages.

What is a 1040 tax form?

Key Takeaways Form 1040 is what individual taxpayers use to file their taxes with the IRS. The form determines if additional taxes are due or if the filer will receive a tax refund. Personal information, such as name, address, Social Security number, and the number of dependents, are asked for on Form 1040. More items...

What is W2 employee form?

Form W-2. Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship.

What is a tax return W2?

A tax return is a form (or set of forms) used to report your income from all sources and the tax due on said income; whereas, a W-2 is a form that your employer uses to report wages paid to you. You should include the information from the W-2 on your tax return, along with information related to any other income you earned during the year.

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