W-3 Form

The W-3 Form is a summary document that employers file with the IRS at the end of the year, accompanying the W-2 forms issued to their employees. It provides a total count of W-2s issued and summarizes the total wages, taxes withheld, and other information about employees' earnings. Essentially, the W-3 helps the IRS verify that the wages reported by employers match the wage and tax information submitted by individual employees on their tax returns. It ensures accuracy and compliance in reporting income and taxes paid throughout the year.