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Employer Verification Of Income: Can W2S Be Requested?
When it comes to verifying an employee’s income, many employers wonder if they can request W2s. This is a common question that arises in the hiring process, particularly when employers need to verify income for loan applications or other financial purposes. In this article, we’ll explore the ins and outs of W2s and whether they can be requested as part of the employment verification process. What is a W2? A W2 is a tax form that employers use to report an employee’s annual wages and taxes withheld. It includes information about an employee’s earnings, including salary, tips, bonuses, and other compensation. Employers are required to provide their employees with a…