Anyone know if you can use your last pay stub of the year to file income tax and when earliest time to file is

Question

I want to file early as possible.

Answer 1

This question is asked repeatedly. The official IRS info is here: http://www.irs.gov/newsroom/article/0,,id=106470,00.html

Here's the official info on e-filing and W-2s:

"Forms W-2 Are Required

"When filing electronically taxpayers must provide Forms W-2, W-2G, and 1099-R to the Authorized IRS e-file Provider before the Provider sends the electronic return to the IRS. Providers are prohibited from submitting electronic returns to the IRS prior to receipt of all Forms W-2, W-2G, and 1099-R from the taxpayer. Taxpayers filing electronic returns using a personal computer enter the data from the forms into the electronic filing software themselves. This is similar to the attachment of Forms W-2, W-2G, and 1099-R to the face of paper tax returns. Taxpayers who have not received Forms W-2 from their employers and want to know what to do may obtain information here." http://www.irs.gov/efile/article/0,,id=97147,00.html

People say lots of things. And some people seem to get away with stuff that you and I cannot. Your mileage may vary.

From Jan. 31, if you haven't received your W-2 you can use Form 4852: http://www.irs.gov/pub/irs-pdf/f4852.pdf (PDF) You can also probably get away with making your own "substitute W-2" if and only if you have all the information exactly right, perhaps from a prior year's form. But that's not supposed to be done -- and never mind that some people do it and get away with it.

Answer 2

I have personally answered this question about once a day for nearly a week. To file a paper re tun, you must have an actual W-2. No employer can legally produce a W-2 before the end of the year. If you e-file, it is possible to use the information from the W-2 without having the actual W-2. E-filing is available beginning Jan 12, 2007.

Answer 3

You can't file until you received your W-2.
By law your employer need to give you W-2 by Jan-31-07. You can try contacting your employer to get it early, and they may accommodate.

If by Feb-15-07 you still haven't received W-2, you need to first notify your local IRS office, then you can fill out a substitute W-2 (Form 4852). IRS will not accept substitute W-2 until after Feb-15-07.

The other answers mentioned Pay Stub loans offered by J&H and H&R Block. Theses are loan products (much like the ones you will get from banks). One can borrow money in advance of receiving W-2 and filing taxes, but still have to file taxes the same way when their W-2s become available. In any case, I don't believe that was what your question intended.

Best wishes.

Answer 4

You can use your last pay stub as a guideline for income tax purposes (i.e. to start filling out your income tax forms) but you will need your w2's in order to file and you want to be sure that your last pay stub and the w2 match up. As previously document, companies such as H and H Block have ways of getting an estimated return early; check with them for details.

Answer 5

I checked around for myself and found that H&R Block is doing a paystub loan. Most offices are currently offering the service. You can get up to $1500 of your estimated tax refund before you get your W-2's. If you wait until January 1st, that amount goes up to $2500. I also checked Jackson-Hewitt. They are offering a similar product. You can only get a maximum of $500 though. And their fees are alot higher as well. They also charge a deposit on tax prep fees. You still have to file your return because they can't actually file it with the IRS without your W-2's. You'll need to go back once you get them.

Answer 6

No. You can't file your taxes using the pay stub. You have to include a copy of the W-2 when you file. If you don't include it, it will delay your return.

Answer 7

Both Jackson Hewitt and H& R Block have loan programs that will loan you a portion of your estimated tax return based on the information from your last pay stub. Jackson Hewitt starts doing so on 12-29-06. Your tax return can not be filed electronically until 01-12-07 which means that you must return after that date and file your return to get the rest of your refund . You will be chrged both a filing and loan fee for these processes.

Answer 8

Yes you can use your last pay stub in certain circumstances. The IRS doesnt accept any returns until Jan 12th 2007. Your best bet is to go with H&R Block now if you need the money. But beware if you owe any money(student loans,child support) or your credit isnt very good,be prepared to get turned down. To go and try at H&R Block doesnt cost you anything.if you get turned down you pay ZERO. If you are approved you will have the money right then. You can get it 2 ways with a prepaid debit card or a check. With the check you are charged more. Good luck!!

Answer 9

DO NOT take these loans! Why are people getting refunds!? Cut your withholding by adding exemptions. You are now going to pay a large fee to get the money you loaned to the govt interest free. Insane! 1/12 earliest tax transmission.

Answer 10

For Finance and credit solutions I visit this site where you can find all the solutions. http://personalfinancesolutions.info/index.html?src=5YAttzxiSQ321

RE :Anyone know if you can use your last pay stub of the year to file income tax and when earliest time to file is
I want to file early as possible.
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