And what will happen if I don't include them?
2007-01-17 03:19:32 · 11 answers · asked by George P 1 in Business & Finance ➔ Taxes ➔ United States
The question is: did the employer withhold tax from your pay? If yes, you'll get W-2 and and you will need to include that in your tax return. If no, the next question is will your employer give you a 1099 showing how much he paid. If yes, you will still need to include that in your tax return. If no, then, you were getting paid cash under the table. Basically, the income on your tax return has to match the figure in W-2 and 1099.
2007-01-17 03:39:24 · answer #1 · answered by spot 5 · 1⤊ 0⤋
You never have to do anything,.. it is all about consequences. :-)
You could be walking away from GETTING more money tho!
If you DON'T include them and the IRS finds out, you would end up having to pay what you should have if you had included them (IRS gets W2 Data from them whether you include it or not).
However, the IRS isn't checking every little taxpayer, so it is all about probability.
If you are in a low tax bracket though, and work intermittently, the way you get taxed (if they withheld taxes!) is that they assume you make that much all the time, and tax you accordingly.
That means that you are paying too MUCH tax based on that if you DON'T work that much, and if you did include them, you would get some or all of the tax they withheld back from the IRS!
If you didn't have tax witheld, you still might have paid too much tax from other jobs, and including this job would just reduce how much you would get back in taxes.
The only way you would OWE more taxes is if they didn't withhold and submit your taxes for you, AND it was enough to matter!
2007-01-17 03:31:51 · answer #2 · answered by tony911m 2 · 0⤊ 1⤋
Well first I wonder why you would not include them. If it is a matter of having to contact them to get your W2, then just use your last (final) pay stub from them if you have it. I can't advise you to leave them off, but you can. The chances are that the IRS would not contact you over this. HOWEVER the IRS randomly audits hundreds of thousands of people a year. If you are audited, it would be a much bigger headache than dealing with whatever it is you are trying to avoid right now. Besides, if you normally get a refund, you are losing money and if you owe money, you can get in big trouble by not declaring that income. Good luck.
2007-01-17 03:28:57 · answer #3 · answered by ? 3 · 0⤊ 1⤋
If they paid you a dollar, you need to include it on your return as income. If you don't include it, and the company issued you a W-2 form, a copy goes to the IRS and they will be looking for it to be reported on your return. If the sum of the income reported on all of the W-2 forms you received are not reported on line 7 of your return, and the totals do not match up to the amounts the IRS knows about, they will issue you a notice and assess taxes on it, as well as slapping you with interest and penalties.
2007-01-17 03:27:38 · answer #4 · answered by jseah114 6 · 1⤊ 0⤋
You have to report all income with the IRS. The company should send you a W2 or similar form to indicate that they have paid you salary. The send a duplicate to the IRS so the IRS would know that they paid you... and would know if you didn't report it.
If you get nothing in the mail from the company, the IRS may not know that you were paid, but that is not a certainty.. so be careful. My advice is to never under report income.
2007-01-17 03:24:07 · answer #5 · answered by neodem 2 · 0⤊ 0⤋
An company can purely do lots while the unlawful alien shows up w/ a SS# and claims their an American citizen...or a make-shift green card for that rely. How approximately we implement our regulations on the books and as quickly as we seize them, DEPORT them. Then we can end enjoying the blame interest approximately who's at fault b/c while our regulation enforcement companies might particularly permit the violation slide than to get tied up in a civil rights regulation tournament, i think of all of us understand what the situation is.
2016-12-12 13:33:24 · answer #6 · answered by slagle 4 · 0⤊ 0⤋
yes,,they have to send you a W2...or you could not file and run the risk of an audit..if you were only making $1000.00 month and you made 2k the whole time you were there don't file...
P.S the IRS will not freeze your bank accounts for less than 10K
2007-01-17 03:28:01 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes you must include them unless you made under I think 600 dollars. But if you don't you will take a risk for audit. They will freeze all of our assets.
2007-01-17 03:23:32 · answer #8 · answered by weso17 2 · 0⤊ 0⤋
Yes. You should get a W2 from them and must report it.
2007-01-17 03:25:58 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yes.
You would get a letter from the IRS.
2007-01-17 03:22:00 · answer #10 · answered by Wayne Z 7 · 1⤊ 1⤋