After you file

Unfortunately, yes, you are obligated to report all income, especially income reported on form W2.

The IRS will receive a copy of the form directly from your former employer and penalize you for not reporting the income.

You will need to contact your former employer to get a copy of the W2 before you file your taxes. If you can't get the form, there are way to work around it, but you will need to report the income. 

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