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Questions tagged [form-w-2]

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Received a 2023 W-2 from a former employer with retirement Plan box checked

I switched jobs in Nov. 2022. The former employer provided 401(K), and the new employer (a small firm) required 1 year waiting period for 401(K) plan participation and can only enroll in January and ...
user2264641's user avatar
0 votes
1 answer
23 views

Where to report income from 1042s on 1040-NR as an Indian citizen for 2023?

I have scholarship/fellowship income in my 1042s that's not reported in my W2 form. However in the 1040NR for the year 2023, there doesn't seem to be a box to report this income. Where do I report it?
Shruti's user avatar
  • 1
1 vote
1 answer
173 views

My employer incorrectly withheld FICA taxes and will refund them, can I still file my taxes using my W2 instead of W2C?

As the title says, I am on student visa and my employer had incorrectly deducted fica taxes (medicaid and social security) from which I am exempt. As the first step is to contact the employer for a ...
MrStrike's user avatar
0 votes
1 answer
48 views

I was a W2 taxpayer now a new 1099 tax payer with a newly formed LLC with EIN number

I am being paid a 10k salary for driving the business from the company whose product i will be selling, but they are in Overseas. The newly formed LLC is me only at this stage? How can i overcome this ...
Carey James's user avatar
8 votes
1 answer
1k views

Overwithholding due to wrong address

Former company in NY has the wrong address for me on file. The address is in the city and because of that it has withheld city taxes in addition to NY state taxes. I don't live there, I moved outside ...
Goh-shans's user avatar
4 votes
1 answer
3k views

Employer not sending corrected W-2. What can I do?

For USA tax year 2022: I got my W-2 via ADP in February 2023. It had a mistake and I requested a corrected version (W-2C) in March 2023. Tax filing was due in April 2023 so I filed an extension (...
sam's user avatar
  • 151
7 votes
5 answers
4k views

Is it legal for a company to deduct their FICA match from a W2 employee's pay?

I'm considering a new job. One company proposes I work for them (Company AA: a US-based professional services org) under their contract with a US-based Fortune 500 company (Company ZZ). The contract ...
Mike Pennington's user avatar
-1 votes
1 answer
64 views

What is involved in preparing a W2?

Every year my payroll manager (Gusto) spends the first 24 days or so "preparing" my W2 and 1099s. They're a digital company that has all the data in front of them to generate the W2 on day 1 ...
Chris Pfohl's user avatar
0 votes
3 answers
156 views

Can W-2 form be verified using QR code or something relevant? [closed]

I'm not familiar with US or how its tax system works Some countries provide forms similar to US' W-2. Here's how it works in one country I'm familiar with. On the form there's a government website ...
user119056's user avatar
0 votes
1 answer
307 views

Is shareholder of A whose business travel cost reimbursed by company A once and receives no wages from A considered either employee or contractor?

Is a share-holder of company A who is paid for business travel costs by company A but does not receive any wages from company A and spends all their working hours for company B which has no ...
user avatar
0 votes
1 answer
123 views

How does Turbotax get your W-2 from the previous year without user input?

How does Turbotax get your W-2 from the previous year without user input? Does it use the prior year's W-2 to populate the current tax year's W-2? Also when Turbo tax says you will get a refund next ...
taxguys322's user avatar
1 vote
0 answers
143 views

Unvested "RSE" on W-2 Box 14

My spouse's employer has granted him RSUs (which for some reason they call RSE) as part of a long term incentive plan. It is a set amount granted ever year over the past 3 years, but none of it has ...
nvergos's user avatar
  • 213
1 vote
0 answers
65 views

Should the box 10 of W2 include dependent care contributions made by an employee?

My employer has included both the contributions made by them (employer) and by me (employee) in the box 10. As I was not eligible to get the dependent care contributions deducted, I am paying taxes on ...
ajp's user avatar
  • 161
0 votes
1 answer
313 views

Automate attaching W-2 forms for online free file (USA)?

I have had several incomes throughout the year, so manually filling out the W-2 form wastes a lot of time. I have both paper and electronic copies, so is there anyway I can directly import them in? ...
JobHunter69's user avatar
1 vote
2 answers
214 views

Can the employer correct a W-2 withholding amount after December 31st?

Suppose an employer overpaid and withheld the correct amount for all items with respect to that (overpaid) amount for this year. If the adjustment occurs after December 31st and a few days into next ...
Hans's user avatar
  • 163
1 vote
0 answers
45 views

File Dual Status tax with one W-2

I worked for a US company for the whole year but only became resident alien in May. How should I file tax as dual status? Should I split the amount on W2 between 1040 and 1040-NR, and then attach a ...
micheal Frei's user avatar
3 votes
1 answer
298 views

How to reconstruct a W2 for prior year when no access to payroll system

My accountant died in August last year, and his estate executor and I have no way to get into his payroll system. I know it's overdue, but is there any way to build a W2 for my one employee based on ...
NealWalters's user avatar
1 vote
0 answers
38 views

Which field of W2 is compared with 130k threshold for NHCE/HCE classification?

I understand that many companies use the 125k/130k/etc fixed threshold for classification of NHCE/HCE employees (whereas others use the 20% rule), which field of W2 is used to determine this? For ...
cnst's user avatar
  • 495
12 votes
1 answer
4k views

Why am I being under taxed on a part time job?

This is my friend. But for ease I will be referring to me. In 2020, I began a part time job stocking shelves starting in August. At the end of the year, I received my W-2. My compensation was $1800, ...
Jghorton14's user avatar
5 votes
2 answers
1k views

Can I deduct travel expenses even if I received a W-2?

I have a full-time job. I also work as a freelance musician playing for local theaters. One of the theaters I work for is in another city and they gave me a W-2 for the ~$1000 I made in 2020. ...
downwithpop's user avatar
4 votes
1 answer
3k views

Can I enter a single W2 entry if I have two W2 forms from the same employer?

I have received 2 W2 forms from the same employer. First one has all the entries for federal and my current state. Second one does not have entries for the federal information, and only information ...
KingsInnerSoul's user avatar
1 vote
2 answers
118 views

Getting taxed on RSUs(USA)?

I am currently living and working in NYC, and when I joined my job, I was awarded couple hundreds of stocks which will vest in periodic intervals over the next couple of years. On my 2020 W2, on box ...
Pepria's user avatar
  • 119
1 vote
1 answer
56 views

Does the owner of a corporation need a W2 for personal taxes if the Corporation revenue was 0 and didn't make any money?

I the owner of a C-Corporation that didn't have any revenue in 2020. I am filing my personal tax returns and was wondering if I need a W2 issued by the Corporation with 0 income or can I just report ...
kms's user avatar
  • 111
1 vote
1 answer
64 views

Got one check independent contract work that paid taxes for Medicare and SS. Should it still count as self-employment income?

I did independent contract-style work for two days last year that paid me $222.67. The check accounted deductions for Medicare and Social Security. I also made $195 from redemptions of gift cards and ...
Matthew Smith's user avatar
1 vote
1 answer
27 views

Does it make sense for my Federal Wages and SS wages to be the same if I have nonzero DD values for insurance?

On my W2, I had $xx,xxx listed in both my Federal Wages as well as my SS and Medicare wages. My tax software running it's data checks said it was unusual since I had values in Box 12 (of which, I had ...
Andy_Vulhop's user avatar
7 votes
1 answer
164 views

Received my W2 but never received any paychecks

I worked for a bar/restaurant that opened Feb. 14, 2020 and then covid hit a month later and then the place closed. I worked for the whole month and never received any paychecks. I tried contacting ...
Monipa Guyette's user avatar
1 vote
1 answer
68 views

W-2 from company despite no longer a current employee

I last worked for this company in August of 2019. I am trying to file my taxes for 2020. I received a W-2 for 2020 because I received a direct deposit from this company in March of 2020. I believe ...
Paul Blackburn's user avatar
4 votes
1 answer
2k views

W2 has different address from present primary address

I have W2s from my previous employer and present employer with an old address and I don't live there anymore. Do I need to get them reissued with my primary address details?
NIT_GUP's user avatar
  • 79
0 votes
1 answer
109 views

I am on W2 making >$200K with a company the doesn't offer a 401K. What are my retirement contribution / tax reducing options?

I am an hourly employee on W2 making >$200K with a company the doesn't offer a 401K. I have been self employed in the past and have a Solo 401k as well as Traditional. For taxes I file jointly ...
user104524's user avatar
13 votes
3 answers
3k views

How do you know how much to withold on your W-4?

My father says that if I need more money, I can withhold less on my W-4 (which won't result in the same oh here's $3,000 come tax return time), but will give us access to more money. So how do I know ...
leeand00's user avatar
  • 1,110
1 vote
0 answers
32 views

W2 details for foreign earned income tax exemption

I'm planning on being out of the US for a 12-month period, and plan to take the foreign earned income exemption. The problem is that my employer uses a payroll service which can only issue a W2 ...
will_durant's user avatar
0 votes
0 answers
50 views

Working for US company in Israel; how to fill out W4?

If I am American tutoring online for a US company and living in Israel, can I use my parents' address on a W4? I no longer reside in America and do not have a US address.
Lori Forman-Jacobi's user avatar
1 vote
2 answers
107 views

Interpreting a W2 form

Suppose a person receiving $3,000 every 2 weeks (gross pay). Assuming he works for 12 months, then the total amount he makes 72,000 (gross). Is this how Box 1 is calculated in the W2 form? Could a W2 ...
taxguywewe's user avatar
2 votes
3 answers
277 views

Filing taxes without one of my W2s?

My former employer (UC Berkeley) told me to download the two W2s it has issued for me from two websites. I downloaded the first one, but the second website doesn't work. I cannot download the second ...
afshi7n's user avatar
  • 121
0 votes
0 answers
55 views

Why w-2 is given in the year of sale?

I got some stocks through my employer in 2015. I sold some in 2019. Why did I receive W-2 income in 2019 from my company which I no longer work? As far as I understand, either its RSU or ESPP, ...
srini's user avatar
  • 1
0 votes
1 answer
68 views

My Employer Contribution each year Using W2 form

I contribute to my 401K each month but I am not sure how much my employer is contributing each year to my 401K. They said they will match 5% of my salary but I am not able to find that number in my ...
user10930212's user avatar
5 votes
6 answers
2k views

IRS notice of owing money for income tax and interest

I got a notice from IRS saying that I didn't report my unemployment income and some small interests from my savings account (I'm in the US). I was unemployed for 4 months in 2018 (in Texas) and I didn'...
Tina J's user avatar
  • 435
1 vote
1 answer
230 views

Owing NYC local income taxes?

I was completing my 2019 taxes when I found out that my employer(for the new job that I started in 2019) has not withheld any local NYC income tax(“Local income tax”[box 19] on w2 is empty but they ...
oneCoderToRuleThemAll's user avatar
2 votes
1 answer
157 views

How to avoid paying tax on starting bonus that was used to reimburse a bonus from a prior employer?

My prior employer paid me a retention bonus in 2018. I left that company a year later, causing me to have to repay half of the bonus. My new company added an equivalent amount to my starting bonus. I ...
All The Rage's user avatar
2 votes
1 answer
2k views

W2 Copy A different then Copy B & 2 & C?

I received my W2 form in the mail from my employer. There is a Red form that apparently is called 'Copy A'. Then there is the standard black and white form with Copy B, Copy 2, and Copy C on it. The ...
jman1t's user avatar
  • 23
1 vote
1 answer
629 views

Isn't my W-2 federal income tax withheld too low?

My wife and I file our income taxes as "Married Filing Jointly". There seems to be a drastic difference on our W-2 forms. She has been at her job for 15 years and her W-2 has changed very gradually ...
CSSBurner's user avatar
  • 161
1 vote
1 answer
280 views

Employer didn’t treat J-1 intern as employee

I visited the US on a J-1 Visa as an intern for 7 weeks. My employer wasn’t withholding any income for taxes, so I paid estimated tax once I received my final paycheck with a plan for my employer to ...
tdtowell's user avatar
9 votes
1 answer
10k views

W2 Form Stating Single instead of Married

My Employer just now sent my 2019-W2-form, I have noticed, my form shows Taxable Martial Status "Single" instead of "Married" Is it possible to change the status during tax filling. If Yes then What ...
Test's user avatar
  • 129
6 votes
2 answers
2k views

Do I have to wait for my W-2s to fill my tax return for the previous year?

First year out of college (and my first paid jobs ever). I worked at 3 different companies last year (2 as a full-time employee and 1 as an independent contractor (1099-MISC)). Do I need to wait for ...
Raj's user avatar
  • 693
1 vote
1 answer
249 views

1099 and W2 income in same year. Does it make sense to open LLC/S-corp?

Next year (starting from January 1st) I am planing to work for company "A" as self-employer (software developer/consulting) for 3 month. After that I am planing to work as full time employee (W2) for ...
David Abragimov's user avatar
0 votes
0 answers
93 views

The client wants only w-2, is there a way to route this via LLC?

I have an LLC registered and operating in USA. I produce content. My client is in DC. I would like to provide services using the content that my LLC owns. The client is not directly buying the content,...
Aksakal almost surely binary's user avatar
9 votes
2 answers
2k views

Why do some employees fill out a W-4 and some don't?

I recognize W-4s are for calculating how much an employer should withhold from an employee for tax purposes. More allowances, less withheld. Less allowances, more withheld. This is the gist of it? At ...
jed's user avatar
  • 610
0 votes
1 answer
307 views

Incorrect state on W-2 withholding

Working on TurboTax, and I notice that my W-2 shows my tax withholding for NC. I moved twice last year with the same employer as I move to work with their client. But seems my tax withholding didn't ...
needoriginalname's user avatar
0 votes
1 answer
104 views

Alternative to IRS Online Transcript (for W2, Paystub)

I am trying to get IRS online transcript to obtain needed info for my W2 and paystub for most recent period (year). However, for me it doesn't seem possible to get that classical online transcript. ...
ricardo's user avatar
2 votes
2 answers
2k views

Incorrect name on W-2

In one of my W-2 forms my first name has been mispelled by a character. However, all other information is correct including my SSN. Do I still request a W-2c from my employer or can I go ahead and ...
Karan Sodhi's user avatar