Form W-3 is a U.S. tax form used to transmit the information from an employer's Form W-2, Wage and Tax Statement, to the Social Security Administration (SSA) and the IRS. Form W-2 is used to report an employee's wages, tips and other compensation, and the taxes withheld from those earnings during the calendar year. Employers are required to provide a copy of the W-2 to the employee and file a copy of the W-2 along with Form W-3 to the SSA and the IRS by the end of January following the end of the calendar year. Form W-3 serves as a transmittal form for the W-2s, it summarizes the total information on all the W-2s submitted to the SSA and the IRS.
Check our blogs
Finances
7 Costs of a Startup's First International Hire
Seven payroll costs of a startup's first international hire: misclassification, host social, entity vs EOR, PE risk, remittance friction, mandatory benefits, and waiting for the data room.
Finances
Recognition Without Borders: Building Stronger Global Teams of Contractors and Employees
Physical recognition (pins, coins, medals, patches, lanyards) can build belonging across a multi-country contractor and employee roster when the payment rail is the only regular touchpoint.
Finances
7 Mistakes SaaS Companies Make Paying Global Support and Engineering Contractors
Seven payroll mistakes SaaS companies make with global support and engineering contractors: forever-contractor core seats, USDC-as-classification, ignored PE, underpriced host social, no 90-day convert, personal wallets, waiting for the audit.
