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If you receive a W-2 that you had forgotten about, and you've already filed your tax return, you have two options:
1. File an amended return (Form 1040-X) with the correct figures. If the new W-2 increases your refund, you will claim the additional refund due to you on this form. If the new W-2 decreases the refund you would have received, you will have to pay back some of the refund that was already sent to you.
As long as you file the amended return and pay back any difference by April 15 (or April 18 this year), there should be no penalties involved.
2. Eventually (around August) the IRS will receive copies of everyone's W-2's from the Social Security Administration. Once they receive this information, they will compare it to the income that you reported on your return. If it doesn't match (because you omitted a W-2), they will adjust your return through their Automated Under-Reporting Unit. If you owe them money as a result of this, they will send you a bill.
Option #1 is the best way to fix this. Under Option #2, the IRS can sometimes take over a year to catch the error and correct your mistake. If you owe them money, they will charge you penalty and interest from April 15 until the date that you pay it, so delaying the correction is certainly not in your favor.
What else can I help you with?
Can self employers file taxes without a W2?
If you are not an employee, you do not need a W-2. Self-employed people as well as people who receive income from dividends, interest, capital gains, rents, royalties, and a large number of other sources do not receive a W-2 but they still have to file a tax return and pay taxes.
Do you need to send in a copy of your w2 for your state taxes?
Yes if you file a paper return.
Can you file a w2 return online?
Yes you can file an w2 online . Here are some sites that can help you with this www.irs.gov/faqs/faq/0,,id=199687,00.html ,www.rapidtax.com/file-taxes-without-w-2/
i lost my w2 form how do I get another copy ?
can i get a copy of my w2 form from the government with all of the information on it? how do i get a w2 for this year on my unemployment benefits w2 for sarah r stallings CVS pharmacy need a copy of my w2 lost it i lost my w2 form how do i get another copy I have not received my w2 form from Federal office of OPM. What do I do?
Are w2 forms online reliable?
W2 online forms are just as reliable and official as the paper copy. They are generally posted earlier than the mailed copies, allowing people to file their taxes well before the April deadline. Online W2 forms contain the same information as the paper copy and can be used to file one's taxes.
How can I file my taxes without a W2 form?
If you don't have a W2 form, you can file your taxes using your last pay stub or by contacting your employer for the necessary information. You can also use Form 4852 as a substitute for the W2.
How can I file taxes without a W2 or paystub?
If you don't have a W2 or paystub, you can file taxes using your last pay stub of the year or by estimating your income. You can also request a copy of your W2 from your employer or contact the IRS for assistance.
What is W2 income?
W2 income is pay that you have received from an employer who has taken taxes out during the year. You will receive a W2 at the end of the year so that you can complete your yearly taxes.
How can I file my taxes without a W2 or paystub?
If you don't have a W2 or paystub, you can file your taxes using Form 4852, which is a substitute for a W2. You will need to estimate your income and taxes withheld to complete the form. It's important to be as accurate as possible to avoid any issues with the IRS.
Do you receive money from a W2 form?
Yes, if you receive money from a W2 form, it means you are an employee who receives wages or salary from an employer and taxes are withheld from your paycheck.
Do you get a w2 if you collected unemployment in 2008?
You don't get a W2, but you will get a 1099 and it's kind of like a W2. You need this to file your taxes because it is a taxable source of income.
Can self employers file taxes without a W2?
If you are not an employee, you do not need a W-2. Self-employed people as well as people who receive income from dividends, interest, capital gains, rents, royalties, and a large number of other sources do not receive a W-2 but they still have to file a tax return and pay taxes.
do have to file a florida tax return?
i have a w2 with florida taxes taken out,do i fle this with florida
Do you need to send in a copy of your w2 for your state taxes?
Yes if you file a paper return.
I want to print my own w2 form from my computer ?
i want to print my w2 form from employer Can I print my W2 form with my employee information? I want to get my W2 for unemployment compensation to file my taxes im looking for my w2 for 2010 i didn't receive my w2 from my unemployment so i can file my taxes Where can I obtain the IRS tax forms? I need a copy of my W-2 for 2010 at Gamestop print by w2 lost w2 form need new copy I want to print my own w2 form from my computer ” need to print unemploymnet w-2 for 2009 and 2008 tax year i need copy of 2009 w2 I never received my enemployment w2 in the mail
Can you file a w2 return online?
Yes you can file an w2 online . Here are some sites that can help you with this www.irs.gov/faqs/faq/0,,id=199687,00.html ,www.rapidtax.com/file-taxes-without-w-2/
If a taxpayer does not have their W-2 can they still file a return?
Yes, you should use your check stubs and figure your income and taxes, if you do not have them all do the best you can at guessing. File your taxes along with a letter to the IRS informing them you did not get the W2. I had to do this one year and the company was to be fined and I was to receive the W2 later, neither happened.If you do not have a W2 you can call the IRS after May 1st of the year in which you need to file and order a transcript of your W2 as the IRS will have received this informaiton from your employer. Yes if you are required to have a W2 you employer has to submit this to the IRS otherwise they could possibly face a fine. 1-800-829-1040 7:00am to 10pm M-F
