U.S. Individual Income Tax Part 3 How to Read and Understand Form W-2? When you prepare your U.S. individual income tax return (Form 1040), the first line you should fill out is “Wages, salaries, tips, etc.”. And it requires you to attach the Form W-2. What is form W-2 and how to read and understand the W-2? This article will give a brief guideline. Form W-2 is the annual “Wage and Tax Statement” that reports your taxable income from an employer to you and to the IRS. If you worked as an employee (part-time or full-time) in a tax year, your employer must give you a Form W-2, Wage and Tax Statement. Employers must mail or hand-deliver your Form W-2 to you no later than January. 31 for the previous tax year Basic Information This part lists your employer’s basic information (e.g. EIN, name and address) and your […]
A financial audit is conducted to provide an opinion whether financial statements are stated in accordance with specified criteria. The Securities and Exchange Commission requires that all entities that are publicly held must file annual reports with it that are audited. In accordance with the US GAAP, auditors must release an opinion of the overall financial statements in the auditor’s report. Kaizen is committed to the public interest. We have a team of professional auditors who seek to challenge assumptions and unlock valuable insights based on a thorough understanding of an entity’s business and industry, and innovative audit methodologies and approaches. Kaizen’s financial statement audit services comprise three main distinctive levels of assurance depending on your business requirements. Audits and Assurance An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general […]