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2006-12-28 13:06:56 · 5 answers · asked by wickedladyredd 2 in Business & Finance Taxes United States

okay, if it's possible, how do i "convert" the final paystub to w-2 format?

2006-12-28 13:52:38 · update #1

i do have 401k and health care deductions and flex credit. is there not a way to figure out how to input them for efile? i really can't afford to wait for my w-2.

2006-12-29 02:48:19 · update #2

5 answers

If possible I would wait for your W-2. Your final pay stub will not show your earnings in the correct format for income tax filing. If you had any pre-tax deductions (such as 401k or health insurance deductions), they do not show up in certain boxes of your W-2 (401k contributions are exempt from federal tax and do not show up in Box 1 - S125 premiums do not show up in boxes 1, 3, or 5.) Your pay stub will just show your *total gross earnings* for the year and your *total deduction amounts* for the year. It won't be as nice and simple as a W-2 will be. If you use the wrong figures when filing - you could be overstating your income and end up paying more tax. Make sure you either had no deductions or know how to put the pay stub information into the right format before proceeding. No one wants to pay too much tax! :)

2006-12-29 00:02:20 · answer #1 · answered by forsythia75 2 · 0 0

The question develop into asked many situations each and daily on Yahoo solutions "in case you could desire to document alongside with your final pay stub" and all people responded wisely! Now you bypass and document with the final pay stub, and of path distinctive quantities, purely like advised on Yahoo solutions. nicely it is your duty to document your taxes with you w2 and in basic terms w2 no longer pay stubs, of path the tax pre place filed alongside with your pay stub, they did no longer care approximately you, in basic terms want the money they have been going to cost you, in all probability an arm and a leg. regardless of receiving greater money or no longer as a reimbursement isn't the situation, the situation is you filed a fraudulent tax return by no longer reporting all your earnings. Now to wonderful your mistake is wait till IRS techniques your unique tax return and refunds you. as quickly as the refund is won by you, then you could bypass and amend the tax return by submitting form 1040X. lower back it could no longer get you greater money, yet a minimal of you're no longer below reporting your earnings, greater effective yet wait a even as to verify you have all your form 1099INT out of your banks etc. Processing of tax returns for e-submitting is a in many situations occurring 2 weeks, if blunders are got here across then that is going to take longer for you to acquire the refund sturdy success!

2016-12-18 20:51:48 · answer #2 · answered by ? 3 · 0 0

Yes you can, but you can't file online until around Jan 15. You may have your W-2 by then

2006-12-28 13:59:32 · answer #3 · answered by Anonymous · 1 0

Yes it is possible and you can but will have to submit w2 when you get it from your employer.
It has all the information that you need to file a return except employers state and fed id numbers, those you have to ask them for.

2006-12-28 13:11:22 · answer #4 · answered by Rich goldie 3 · 0 1

You need to wait until you get your W-2 but

https://www.taxactonline.com/s_online_tax2006/introduction/intro_index.asp

2006-12-28 13:15:01 · answer #5 · answered by The Scorpion 6 · 0 0

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