1. First, touch your boss and request your W-2. It's the law.
If they don't publish it, and you don't have it by the middle of this month, you can description them to the Irs. Your boss will be expensed a penalty, but unfortunately it's not a high enough penalty to suit the folks who didn't get their W-2s.
2. If you never get your W-2, the Irs tells you to use a Form 4852 to create a substitute W-2. But the Irs doesn't elucidate how to create the numbers for the Form 4852. So, here goes...
You'll need your last pay stub to help you compute how much tax was withheld for the year. See "Your Paycheck & Withholding" below to understand how to read your stub.
If the last pay stub doesn't have your year-to-date amounts on it, find all the pay stubs and total up the income. Then, total up each kind of withholding - total federal wage tax withheld, state wage tax, Fica, Medicare and any other state withholding.
Also, don't forget to add up anyone deductible, like union dues, health insurance, etc.
If you don't have the former pay stubs, evaluation the totals by dividing the amounts on your last pay stub by the amount of working days it covers. Then multiply each result by the total amount of days you worked for that business last year.
3. Sometimes, you don't have any pay stubs at all. Go see a good local tax professional to help you re-create your compensation and withholding.
Good luck!
No W-2? You Can Still File Your Taxes Without It - Here's What to Do!
No comments:
Post a Comment