Questions tagged [form-w-2]

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1answer
453 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 ...
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 ...
3
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1answer
314 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 ...
0
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1answer
53 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 ...
0
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1answer
50 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
61 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 ...
1
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1answer
109 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
62 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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0answers
39 views

Tax implications of severance agreement with backpay and hardware/software transfer

In 2018, I worked for a company that was experiencing financial difficulties. I wasn't payed for a few months, and eventually in the summer we agreed to put together a severance agreement and part ...
0
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2answers
94 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
33 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 ...
5
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1answer
2k 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
69 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 ...
1
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1answer
136 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 ...
0
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5answers
191 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?
5
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2answers
135 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
228 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 ...
0
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1answer
42 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 ...
0
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1answer
57 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
136 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 ...
1
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2answers
99 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....
0
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1answer
102 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 ...
0
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2answers
526 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?
0
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2answers
226 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
407 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 ...
1
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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,...
1
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1answer
103 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
134 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 ...
1
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1answer
25 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 ...
0
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1answer
1k 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 ...
1
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0answers
62 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) ...
3
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2answers
5k 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 ...
0
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1answer
71 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
782 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, ...
3
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3answers
834 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
3k 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
128 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 ...
4
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1answer
107 views

A picture of one copy from a W-2: can it be used for filing taxes?

I moved to a different state last year for work and I have been going back and forth with my previous employer, trying to get my W-2 from him. I reminded him in early January that I needed the W-2 ...
4
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1answer
385 views

Received W2 from ex-employer for selling shares previously bought under ESPP

My wife used to work at Oracle and quit in January 2016. While she was there, she bought Oracle stock under an ESPP (employee stock purchase plan) that allowed her to buy the stock at a discount. In ...
1
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1answer
210 views

CT W2 No state taxes

While getting a MS at the University of Connecticut, I did some lecturing thus earning some income and so I have a W-2 from the State of Connecticut. Since I have gone to file my taxes, I noticed ...
3
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1answer
784 views

Taxes on Income from an Employee Stock Purchase Plan?

My employer offers an ESPP which allows us to purchase company stock at a 5% discount. I signed up for the plan, but was not interested in holding on to the shares for long, so I sold as soon as I ...
5
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2answers
3k 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 ...
2
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0answers
80 views

What are the repercussions of submitting an incorrect W-2 complaint with the IRS for a current employer

As explained in another question, my employer is listing the amount they paid towards my domestic partner's health insurance as imputed income. However, the internet, and two accountants I spoke with,...
4
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1answer
1k views

How to file with both a W2 and W2c?

My employer sent me an incorrect W2. I then received a W2c. The W2c has empty fields that are filled on the W2. For example: Box 16 has previously reported and corrected. But Box 17 is blank. My ...
1
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0answers
46 views

Income reported on W2 was not received AND the company no longer exists [duplicate]

Our situation is the same as in this question: Spouse was employed by the company till Jan 31 '17, but was on unpaid leave for the entire month so no salary. We now receive a W2 for 1 month's wages ...
3
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0answers
84 views

Received w-2 never received money [duplicate]

My granddaughter received 2 w-2’s for money she was never paid. She goes to college and thought she was volunteering to help with a cross country event at another university. All the students that ...
11
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1answer
981 views

For 2017 I have 3 different W-2s with 3 different addresses

In 2017 I was finishing my Spring semester in college. I had an internship from January-April, which I filed under 1 address. Then From May-August I moved to DC but subleased so didn't have an ...
1
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3answers
572 views

Should I get 1099 or W2 for bonus?

I was working for company A until 31st December 2015. Another company B acquired a product from company A and also offered me a job. So from 1st Jan 2016 I started working for the company B. I was ...
3
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5answers
1k views

If I had option to choose between 1099 and W2 for my job, which should I choose?

The only thing I know about the difference between 1099 and W2 is when you work as 1099 you don't pay taxes whereas W2 has to pay taxes for every paycheck I receive. As 1099 employee, I would have to ...
3
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1answer
86 views

Does the IRS allow W-2s to be issued early?

If an individual is leaving a company before December 31, can the company issue their Form W-2 (or Form-1099 for a contractor) early? Assuming the individual's final paycheck will be issued on their ...