What is IRS Tax Form W-3 [Transmittal of Wage and Tax Statements]

Internal Revenue Service Tax Form W-3, Transmittal of Wage and Tax Statements, is used by employers to report a business organization’s combined employee income.
Any business organization (sole proprietorship, partnership, LLC (limited liability company), S-corporation, C-corporation, benefit corporation or non-profit corporation) that employs more than one individual on a W-2 basis must file IRS Form W-3.
Employers utilize IRS Form W-3 to inform both the Internal Revenue Service and the Social Security Administration with the cumulative annual employee totals from W-2s for the applicable tax year.