doing taxes?

Question

ive worked at a part time job during the x mas duration in 2003 and 2004, and only made about $1000-2000 during that time but didnt claim it at the end of the yr because they havent sent me a w-2 form....but i claimed my full time job...will i get in trouble

Answer 1

If you left income off of your return then you may receive a letter from the IRS telling you that they have changed your return and that you owe additional taxes as indicated in the letter. Of course it is also possible that an additional refund is due you.

If the letter was sent and you missed it because you moved, or for whatever reason, then penalties and interest are accruing if in fact you owed taxes.

So get W2s from your employer, they are required to have them. File amended returns. Then you can stop worrying.

Answer 2

Just because the employer did not send you a w-2 does not mean that you do not have to report that income. The important thing is, did they report your income to the IRS. If so, then you can expect a letter from the IRS outlining the income and telling you that you owe X amount of tax plus interest & penalties. If taxes were deducted from your pay by the employer but they failed to report it to the IRS, they could be in trouble also. I would suggest you contact the employer and find out what they did and file an amended return as soon as possible.

Answer 3

Yes. All worldwide income must be claimed.
Get your w-2, as you have no idea how much in taxes was withheld.
However - check the last pay stub you received at the end of each year, and it will show you how much you made and your taxes withheld.

You must notify the IRS even if you only have the paystubs- or they could give charge you interest and penalties from the date that they were due.

www.IRS.gov

You need to call the company and get your w-2 forms.

You could be the luckies person in the world with the IRs, but they do take years to get back to you.
I keep thinking of Clint Eastwood in the movie, Dirty Harry.
He said "feel lucky today, punk?" to the bad guy, so who knows do you feel lucky today.

Personally, I don't ever want to chance it with the IRS.

GOD bless us one and all, always
CPA-retired

Answer 4

If you haven't hear anything by now, then you're probably in the clear, but could still be assessed the additional taxes due for that if it turns up.

Apparently the people you worked for didn't report it to the IRS, and that's why they didn't send you a W-2.

You could go back and amend your 2003 and 2004 returns to show the additional income. That's the strictly legal answer.

Answer 5

You may be due a refund, especially if you are at least 25 in the years you worked.

The only way to claim it is to file.You've only got about 8 weeks to claim an 03 refund, so you better hurry. This is something we do regularly.

Tax Specialist

Answer 6

If you weren't sent a W-2, then the government probably did not get one either. Most likely, you part-time employer treated you more as a contract employee, which means you are responsible for paying the taxes yourself. Did they take taxes from your paychecks?

Either way, if nothing has come of it yet, I think you should be in the clear.

Answer 7

All money earned by a US citizen is concerned taxable income by the IRS, unless it is otherwise excluded specifically by the code. You should contact your employer and request the missing W-2 if you have not received it by the end of January after the taxable year.

Answer 8

Yes you can get into trouble....But you might be able to file an amended return and report in on that.

Answer 9

Maybe if they audit you and you owe them money you would.