Final answer:
Form W-2 is filed by employers with the IRS to track and verify income and withholding taxes of employees.
Step-by-step explanation:
Form W-2 is filed by employers with the Internal Revenue Service (IRS).
The IRS uses Form W-2 to track and verify the income and withholding taxes of employees. It includes information on wages earned, taxes withheld, and other relevant details.
This form is important for both employees and the IRS as it helps ensure that individuals are reporting their income and paying the appropriate amount of taxes.