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Katie C Norris from C Norris Wealth Management discusses how to understand and read a Form W2 in this video tutorial. A Form W2 is issued by an employer to an employee if the employer paid at least $600 in cash or cash equivalents to the employee during the year, including taxes withheld for Social Security and Medicare. Each box on the form, such as Box A (social security number) and Box B (employer identification number), holds important information that should be checked for accuracy. The Control Number in Box D is an internal number used by the employer and may be left blank. Understanding each item on the Form W2 is essential for accurate tax reporting.
