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An IRS form that employers deliver to employees, typically in January. Form W-2 reports the total compensation income that the employee earned during the prior year and the amount that the employer withheld for all taxes. The minimum amount of yearly compensation income needed to receive Form W-2 is $600. Contractors and other nonemployees do not receive Form W-2 and instead receive Form 1099-MISC.
For explanations (including annotated diagrams) of how nonqualified deferred compensation is reported on Form W-2, see the FAQ on reporting for the year of deferral and the FAQ on reporting for the year of distribution.