W-3

A W-3 form is a tax document used by employers to report the total wages paid to their employees and the taxes withheld for a specific year. It summarizes these amounts and is submitted to the IRS along with copies of the employees’ W-2 forms, which detail individual earnings and taxes. The W-3 helps the government verify that employees have reported accurate income and taxes paid and ensures employer tax payments are correctly recorded. It is a key part of the payroll tax reporting process for businesses with employees.