Ok, I'm in a weird position. I have a W2 where the amounts shown in box 16 and 18, State and City Taxes respectively for New York State and New York City are not showing the right amounts. I can tell that the numbers are too low. I am a part resident in the state and city of New York - I moved here from Florida.
After doing some investigation, the discrepancy is because of the fact that the COO at the time did not file my address change promptly with our 3rd party payroll company, Gevity. Because of this I have a portion of my wages that was not taxed by NY state income tax rates nor was it taxed by NY City rates.
I am just now learning this. What do I do? I do not have the capability right now to pay the taxes that I will probably owe. I gave my employer all the needed information to make these changes in a timely manner. And *I think* there is some liability with my company as far as that goes and ones was on them. Help. What can I do?
2007-02-02 16:43:25 · 3 answers · asked by dave_exby 1 in Business & Finance ➔ Taxes ➔ United States
Pay what you can, and include a note saying when you can pay the rest. That helps much more than sending nothing.
You can wait until April 15th to send in the paperwork.
The payroll company didn't get the notice - so what happened was that you got more in your paycheck than you were supposed to...but the money that was supposed to be paid didn't go to someone else, or elsewhere - it went to you...so you are still liable for it. Not saying it's not painful though...if you didn't know you should have been setting aside money from your paycheck for it.
If the withheld properly for federal - are you getting a refund? Send the federal return now, with direct deposit...then wait until you get that before you file NY and NYC.
I'm not sure there is any liability with your company. You would have to show that you were financially injured somehow. And the money that you owe now, had it been paid out of your paycheck earlier, is the same amount - so technically, you're not out any money. (It only "feels" like it - because you don't notice the money taken from your paycheck - but you sure do notice when you have to write a check out!)
But someone else may be able to field the legal issue better than me.
2007-02-02 16:53:01 · answer #1 · answered by Anonymous · 1⤊ 0⤋
First, work out your tax forms and find out where you stand. If that puts you in a position of not being able to pay the taxes, ask your employer to assist you in paying them and then deduct the amount from your check this year. The tax is rightfully yours to pay,
2007-02-02 16:56:39 · answer #2 · answered by Nort 6 · 0⤊ 0⤋
at least file !there is a large penality for not filing then there is fornot sending the right amount of money.if any money at all !!
2007-02-02 17:13:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋