Questions tagged [form-w-2]

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48 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, ...
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1answer
43 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 ...
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1answer
539 views

Tax filing requirements for OPT period (F-1 VISA) in Pennsylvania

This past year I worked under the Optional Practical Training (OPT) program after I graduated. I started my employment period March 15th and worked until September 28th. During this time I got paid ...
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6answers
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'...
5
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2answers
4k views

RSU already included in W-2

My employer includes the bonus given as RSU on the W-2. How to correctly import the data from E*Trade (who manages the RSU and provides tax forms) into turbo tax (or any other tax software) so it does ...
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1answer
75 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 ...
2
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1answer
135 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 ...
2
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1answer
96 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 ...
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4answers
77k views

How should pre-tax contributions to an HSA show up on a W2?

How should pre-tax contributions to an HSA account show up on a W2 from an employer? I thought they would show up like 401k or similar but that doesn't appear to be the case. If I made $50K and put ...
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1answer
176 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 ...
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1answer
81 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 ...
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1answer
2k 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 ...
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2answers
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 ...
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1answer
114 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 ...
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0answers
84 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,...
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1answer
367 views

What should I do if “Retirement Plan” is not checked on my W-2 but should be?

I received my W-2 from my employer recently and I noticed that the box "Retirement Plan" is not checked. This was checked for the previous years and I have made no changes to the retirement plan. I ...
9
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2answers
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 ...
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1answer
167 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 ...
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1answer
59 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. ...
2
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2answers
67 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 ...
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1answer
260 views

Negative state tax withholding on W2

An employee had elected to reduce their CT State Tax withholding per pay period, however they did not have enough calculated state withholding based on their pay to reduce the elected amount. They ...
2
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0answers
64 views

correcting a W-2 showing 401k contribution as taxable

My employer made a profit-sharing contribution into my 401k, and they are including it in my taxable income. 1) Is this contribution taxable? I think it is not taxable. The IRS says: "Your employer'...
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2answers
202 views

W2 & Self-Employment Tax - Taxed Twice?

If I'm paying self-employment tax on Schedule 4 (Other Taxes), why is my self-employment income also included in my taxable income? Aren't I being double taxed?
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0answers
34 views

What tax forms should I expect if I exercise and sell options from a company where I am no longer employed?

This article suggests that if I were to exercise options that I was granted as part of an ISO grant and then sell them in the same year, the bargain element would be recorded in my W-2 form. What ...
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1answer
3k views

Should my state wages be different than my federal wages due to HSA?

In 2015, I earned all of my income in Alabama, and I contributed $3,350 to an HSA. I filed my taxes through a free online tax filing service. Later on, I made an effort to learn about income tax law ...
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0answers
81 views

HELP w-2 and 1099 during a divorce

In the middle of a divorce were we owned a company contracted with another to provide management and advisory. I was also employed as an employee for same company we contracted with. We split last ...
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1answer
189 views

I'm an F1 Student that has an W2 Form from volunteer work, am I in trouble?

I worked in a film last year and I did it voluntarily because to my knowledge I'm not supposed to be paid by non other than the university. They made me sign some documents because international ...
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5answers
199 views

Is it worth to pay for TurboTax when filing one W2?

Is it worth to pay for TurboTax when filing one W2? Or just use its FREE version?
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2answers
144 views

Employer did not withhold taxes on last 3 pay periods (W2 employee)

I was a W2 employee at a startup. For the first several months of my employment my employer withheld taxes normally. Later, the company experienced financial problems and was unable to make payroll ...
5
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1answer
236 views

How to deal with IRS notice during the government shut down?

Last friday, I received a mail from the IRS stating that there was a discrepancy in my filing of personal taxes for 2016 vs what was reported by other institutions. The letter did not go into detail ...
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1answer
44 views

Can W2 salary be negotiated when removing healthcare plan?

As a W2 employee, I will get $4,500/mo plus benefits. One of the benefits is that they will pay half the healthcare plan that I select from the options available. In my case, it's about $400, so I pay ...
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1answer
65 views

Downside to W2 with base salary and allowance?

This is simply an example, so please bear with me. ExxonMobil (headquartered in TX) offers me a software development position as a W2 employee, with my total compensation being $5,000/month. They ...
2
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1answer
142 views

Why is Social Security & Medicare tax higher as W2?

I was comparing how much I'd pay in Social Security as a 1099 and as a W2. As a W2 employee, my Social Security and Medicare total is $9,180 while my total as a 1099 is $8,478. Why the difference ...
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2answers
104 views

Can 1099 get allowance to reduce taxable income?

I posted this question anonymously, but I can't add edit or delete, so I decided to repost. I'm a software developer for a fortune 500 company (in Texas) and I get paid $5,000/mo as a 1099 contractor....
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1answer
303 views

Can 1099 contractor receive per diem and car allowance?

As a W2 worker for a US company, my monthly pay was divided into 3 quantities: $X in salary, $Y in per diem, and $Z in car allowance. The benefit was that I would only pay tax on the salary, so my ...
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2answers
737 views

RSU - vested and reported as income in W2 Box 1, should it also show in Box 12 V (same as stock option)?

RSU - vested and reported as income in W2 Box 1, should it also show in Box 12 V (same as stock option)? My employer put it in Box 12V, is it correct?
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2answers
239 views

W-2 contractor loopholes

I am working as a W-2 contractor, not as a 1099 contractor (i.e., pay quarterly). Are there any loopholes or write-offs that I should be saving receipts for? Driving from location to location, gas, ...
2
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1answer
526 views

working as an european self employed for an USA company

I was wondering why companies from USA are are searching for remote developers from USA, even if the working contract is a W2? (I've seen that many companies have a requirement that the developer ...
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1answer
95 views

Roth IRA issues

I opened up a Roth IRA in June of 2018. I was originally paid $6,000 as a contractor (with a 1099). I put $5,500 into the Roth IRA. I then thought that I wouldn't be able to use a Roth IRA with a 1099,...
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1answer
106 views

USA 2018 tax write-off - Meals for Employees

We do a lot of work with 1099 contracted "employees". Does the food write-off count for w9 contractors or just w2 employees?
1
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1answer
139 views

Can I force my company to print a new, accurate, copy of my 2016 W-2?

Back in 2016 the company I work for went through a huge transition. Lots of things changed, but the relevant part is that early in the year we switched accounting systems and HSA providers. When I ...
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1answer
27 views

How do I fill out a W-2 when applying for an ITIN?

When applying for an ITIN I’m sending a passport w-7 form and a 1040 form but in the 1040 form in the income section 7 they tell me to attach a w-2 form but I’m not a us citizen so I don’t have either ...
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1answer
2k views

F1-OPT taxes with Husband on H1B - Filing Jointly or Separate

I am on an F1-OPT and asked my employer not to withhold my FICA taxes(social security and medicare) and they have not. My husband is on an H1B and we were thinking if we can file our return together ...
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0answers
63 views

If you're mostly on W-2, how much can you benefit from pass-through?

I'm having trouble understanding how the pass-through deduction works when you make only part of your income as an independent contractor. Married filing jointly this year, we expect to earn (gross) ...
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2answers
7k views

FICA was not withheld from my paycheck

Hello personal finance, I was filing my taxes for 2016 and I just found out that I transitioned from Non-Resident-Alien to Resident Alien around September last year by passing substantial presence ...
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1answer
76 views

Why am I getting a W-2c form?

I got a W-2c form today from my previous employer (recently changed jobs in 2018), and I read up online that I need to file 1040x to correct these information. My questions are: What are some ...
7
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2answers
834 views

Divide by zero on 540NR form (due to tax treaty)

I am filling a 540NR form for 2014, for California. Line 33 says: "CA Standard Deduction Percentage Divide line 32 by line 17. If more than 1, enter 1.0000" Line 32 is the CA adjusted gross income, ...
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3answers
1k views

Federal ID number for West London University

My son is attending West London University and I need to fill out tax form 1098T for the IRS to get the American Opportunity Credit. They are asking for the university's "Federal ID number" (It may ...
2
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2answers
4k views

HSA Contributions not listed on W-2

My employer contributes to my HSA each month (this is not taken from my income, it's an additional benefit, part of which health insurance option you choose). The total of these contributions are a ...
0
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1answer
143 views

Refund decreased significantly when second W2 was added

Halfway through this year I switched jobs. When I entered the first W2 my refund was about 4k. When I entered in the second W2 the refund decreased to 1k. Is this cause I moved to a different tax ...