The documentation required for tax filing by individuals who were previously employed at the specified retail corporation is a Wage and Tax Statement. This form, officially designated as Form W-2, reports an employee’s annual earnings and the amount of taxes withheld from their paychecks. For example, an individual who worked at the named home improvement retailer during the tax year of 2023 would receive this document in early 2024, detailing their earnings and withholdings for that period.
This statement is a critical component for accurately filing income tax returns with federal and state authorities. It allows individuals to properly calculate their tax liability and claim any applicable refunds. Receiving this statement promptly and accurately is vital to avoid penalties or delays in tax processing. Furthermore, maintaining accurate records of these forms is essential for potential audits or verifications by tax agencies.
