Veryfi Lens & OCR API Platform: W-2 Real-time Data Extraction

#TaxAutomation #W2Extraction #OCRTechnology #FinTech #DocumentProcessing #VeryfiAPI

Watch step-by-step demonstration of Veryfi's powerful W-2 tax form extraction capabilities. See how Veryfi Lens technology captures W-2 forms with precision, followed by a deep dive into our OCR API processing that handles multi-state filings, checkboxes, and various form formats.

Not limited to W-2, this comprehensive demo shows developers and financial professionals how Veryfi intelligently extracts critical tax data from various tax documents with high accuracy, eliminating manual data entry and reducing errors during tax season.

⏱️ Timeline:
00:00 - 00:17 Introduction
00:17 - 2:17 Document Capture with Veryfi Lens
2:17 - 4:54 API Portal Processing: Check Boxes, Multi-state & Complex Format Handling
4:54 - 7:29 - Live API Demonstration

Resources for you:
API documentation: https://hubs.li/Q0395Fv30
Create a free account: https://hubs.li/Q0395BWz0
Contact Veryfi team: [email protected]

ABOUT W2

Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship. The form is also used to report FICA taxes to the Social Security Administration. The Form W-2, along with Form W-3, generally must be filed by the employer with the Social Security Administration by the end of February. Relevant amounts on Form W-2 are reported by the Social Security Administration to the Internal Revenue Service.