If you got more than one W2 this year....and you don't report all of them to pay less tax...?

Question

What are your chances of getting busted?
Do the employers report your W2-s to the IRS?

Those rat bastards!!!!! My state and fed returns both went down by a hundred bucks!!!!! DAMN the IRS!!!!!

Turbo Tax KICKS A$$ !!!!!

Answer 1

Employers send special copies of the W-2's to the Social Security Administration's Data Operations Center in Wilkes-Barre, PA (18769-0001). They OCR them and keep the info as records for your eventual benefits. They also pass every little bit of it on to the IRS. If you hear of Wilkes-Barre suddenly ceasing to exist, it might maybe work. But if not...

You stand a 100% chance of being caught. They will add the numbers in, compute the right tax and send a smaller (likely) refund. Lol, pick the wrong one to "forget" and you could actually get a smaller refund all on your own depending on how much federal withholding that employer took out. If that makes you owe or owe more, well, then they get funny about it. Seems they don't believe you did it by accident, especially if you give your address as the same your employer used to send it to you.

Otherwise, they ignore your "goof" unless you whine about the results in which case they get the ball rolling to charge you with perjury. Imagine the whining then.

If you want to cheat on your taxes, this is absolutely the worst way imaginable!

Answer 2

Yes your employers report all W-2's to the IRS. I don't know the statistics, but it is a lot more likely that you will be audited now that they have computers and electronic reporting than it was say 10 or even 5 years ago.

I suggest you pay your taxes this year and adjust your W-4 to minimize the amount you might have to pay next year.

Answer 3

Chances are basically 100%. Yes, employers report your W-2s to the IRS. And the IRS computers match that info up to the returns filed.

Answer 4

Cat is right.... all employers report your income to the IRS with the W2 form. The IRS already knows how much you made at all jobs. You can't lie to them. You'll pay huge penalties and techinically, they could even throw you in jail for doing that.

Answer 5

All employers who issue W-2's submit a copy to the IRS. Chances are very high that you will be caught not reporting W-2 income.

Answer 6

Your boss must have heard what he wanted to hear because he does owe employment taxes and so do you. His locality my give a property tax break to new business but Uncle Sam is not that generous and neither are your state income tax or unemployment tax agencies. You state that taxes are withheld from you wages. That doesn't mean that he gets to keep them for himself. Your W-2 is the input document for crediting your Social Security earnings account as well as reporting taxes withheld from your earnings. I recommend going to your local IRS office with copies of your pay statements and ask how to deal with the immediate problem.

Answer 7

Your chances are pretty good. Your employer has to report everything or they risk getting crunched themselves. My suggestion, now that you posted this on the world wide web, is do your taxes. And give all your W2's.

Answer 8

Chances are EXTREMELY good that you will be caught - all 1099's and W-2's are reported to the IRS. When your social security number comes through, and doesn't account for the income reported to them for that number - they will figure out the difference for you - and then bill you for it - and interest and penalties for paying late.

(and most likely it will be late - as it will take them some months to catch the error)

Answer 9

Yes, your employers report your income.