Questions tagged [form-w-2]
The form-w-2 tag has no usage guidance.
111
questions
6
votes
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 ...
1
vote
1answer
66 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 ...
0
votes
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,...
9
votes
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 ...
0
votes
1answer
70 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
votes
1answer
54 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
votes
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
vote
1answer
162 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
votes
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'...
0
votes
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
votes
2answers
112 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?
1
vote
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 ...
1
vote
1answer
180 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
votes
0answers
76 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 ...
0
votes
5answers
192 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
votes
2answers
139 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
votes
1answer
232 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
votes
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 ...
0
votes
1answer
60 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
votes
1answer
139 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
vote
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....
0
votes
1answer
197 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 ...
2
votes
1answer
509 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
vote
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
vote
1answer
104 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
vote
1answer
136 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 ...
0
votes
2answers
234 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, ...
1
vote
1answer
26 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 ...
1
vote
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) ...
0
votes
1answer
73 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 ...
0
votes
2answers
563 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?
3
votes
3answers
891 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 ...
0
votes
1answer
129 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
votes
1answer
117 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
votes
1answer
418 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 ...
3
votes
1answer
863 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 ...
1
vote
1answer
214 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 ...
5
votes
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
votes
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
votes
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
vote
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
votes
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
votes
1answer
991 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 ...
0
votes
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 ...
4
votes
1answer
346 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 ...
1
vote
1answer
496 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 ...
1
vote
3answers
707 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
votes
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
votes
1answer
95 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 ...
2
votes
1answer
98 views
My company mistakenly filed W2s in two states. How do I recoup the money withheld?
I'm fully employed in California with the same company since 2015. In the first year, I put my parents' house in Michigan as my home address because I was moving frequently and traveling a lot in ...
