I received 2 separate w-2's because of a recent merger of our company. If I e-file them separately, I am getting a tax refund, but if I combine them, I owe money. Is there any law that prohibits me from filing them separately. Please list your sources.
Thanks!
2007-03-14 07:25:24 · 3 answers · asked by HYN 1 in Business & Finance ➔ Taxes ➔ United States
ALL of your income must be combined on one return.
There is no such thing as "filing W2s separately" and there never has been.
2007-03-14 07:44:10 · answer #1 · answered by Wayne Z 7 · 3⤊ 0⤋
You dont e-file W-2's. You e-file your tax return.
The government already has your W-2's on file. They are stored at the Social Security Administration.
Source of Knowledge: Thirty-Five Years (35) in Preparing Taxes.
2007-03-14 16:21:50 · answer #2 · answered by bold4bs 4 · 0⤊ 0⤋
How can you split your yearly income? OF COURSE if your income is higher, you pay at a higher rate.
IRS law states you file your combined income TOTAL for the year.
Or try it your way; it's only a huge penalty, interest and maybe jail for fraud.
2007-03-14 14:30:37 · answer #3 · answered by wizjp 7 · 4⤊ 0⤋