W-2
Noun
Meaning
W-2 (plural W-2s)
(US, taxation) A form reporting one's compensation as an employee during a year at an employer or personal income taxation.
Examples
Each employer is required to provide each employee an annual report on IRS Form W-2 citation of wages paid and federal, state and local taxes withheld, with a copy sent to the IRS and the taxation authority of the state.
The scenario is simple: An employee with access to W-2 data receives an email purporting to be from a company leader — the CFO, CEO, owner, etc. The email directs the employee to send proprietary data, typically W-2s.
However, this rule does not apply in New Hampshire because the state does not have an income tax on an individual’s W-2 reported wages or a general sales tax.
Once the fraudulent registration was established, they were able to view or download your W-2.”
Schools also should develop processes for handling data requests and critical data, such as W-2 forms, according to McLaughlin.
The forensic investigators concluded that there was unauthorized access to our website resulting in compromise of personal information for some individual recipients of tax forms such as 1099 or W-2 forms.