OK!. ill keep it short. I recieved my w-2 about a week ago(finally) from a company i worked with this past year. I knew it was not correct when i noticed it only had 42.00 retained for federal tax. After contacting the payroll department this afternoon, they informed me that only my first two checks had been taxed correctly !!, now i know at the time of receiving my pay stubs every two weeks that taxes were taken out. So, here i am a few days before the cut-off to file and not quite sure what to do !!. Am I or the company held responsible ?!
2007-03-29 15:54:20 · 7 answers · asked by bhayes006 2 in Business & Finance ➔ Taxes ➔ United States
If you have all the pay stubs for the past year they would have the federal withholding taken out for each pay period, and should also have the year-to-date withholding. Check to make sure that what the pay stubs say you received as take home pay is what you really did receive. If so, and you have the last pay stub for the end of the year showing what your federal withholding really was (and any other withholdings that are not correct on your W-2) I would make a copy of that last paystub, and report the federal withholding for the year from that last paystub on your federal tax return as your actual federal withholding. I would recommend that you "paper" file your return instead of electronically filing your return, and attaching a statement to the IRS that your W-2 is in error as to your withholdings and that your employer will not correct it. The IRS should accept the paystub as your withholdings or at least investigate with your employer why there is a difference.
2007-03-29 16:31:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'd first contact the company and request a corrected W-2. I think if I was doing this, I'd fax a copy of my last pay stub, with it, plainly showing the year-to-date amounts on there. You'll need to do this, regardless of which course of action you take regarding the income tax return. While you're checking on the W-2, it would be a good idea to be sure they spelled your name correctly, and that the address and Social Security number on there are correct. You wouldn't believe the number of W-2's that are issued with this information incorrect.
Then I'd apply for an extension of time to file.
There are a couple more options, if you don't like the idea of doing that. One, you can file the tax return based on the W-2 you have, and then file an amended one when you receive the corrected W-2. Or, secondly, you can use a substitute W-2, which would be based on the pay stub information you have.
You won't be held responsible for the incorrect information being on the W-2, but you will be responsible for filing a tax return.
2007-03-29 16:09:07 · answer #2 · answered by Peggy K 5 · 0⤊ 0⤋
The IRS will expect payment from you, not your employer. You had use of the money during the year, even if they didn't tax your check correctly, you are still responsible for the tax.
Your question almost sounds like they were giving you incorrect pay stubs, showing tax being withheld when it wasn't. If that is the case, they are definitely in the wrong and may have to pay for that. But you could still be expected to notice that your deductions from your gross pay didn't add up to your net pay.
2007-03-29 16:03:58 · answer #3 · answered by Brian G 6 · 0⤊ 0⤋
I hope you have kept your pay stubs. If your stubs state that they withheld taxes then I would think that they are responsible because they actually kept that money for themselves instead of paying it to the government. I would contact a CPA or tax preparer ASAP. Gather up all the stubs and then go from there. If the stubs don't have the tax withholding info then you are in a real pickle. You will have to pay the taxes that they failed to hold from your paycheck. I would find another job, it sounds like to me they are crooked.
2007-03-29 16:34:02 · answer #4 · answered by country girl 5 · 0⤊ 0⤋
If you have one of the later pay stubs, take a copy to them or fax it to them. Either their records are screwed up, or they're trying to scam you. If you don't have any proof, you could be stuck on this one.
In any case, you are the one who is responsible for your taxes.
The fact that they sent out W-2's so late raises a huge red flag - it's very possible that they're trying to pull something illegal. If you have pay stubs showing taxes taken out all year (or even better, showing year to date numbers on one, especially if it's late December) you should be in good shape, but will have to work with the IRS to get this straightened out. The IRS gets very unhappy with employers who deduct taxes from their employees and don't send it in to them - this might be what happened. Good luck.
2007-03-30 03:59:57 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
Did you keep those pay stubs? If so, then you need to contact the company and tell them you have documentation of taxes being removed from your paychecks. Offer to fax them the documentation, if necessary. (Under NO circumstances should you send the originals!)
If you didn't keep the pay stubs, I don't know that there's much you can do about it.
Good luck!
2007-03-29 16:04:47 · answer #6 · answered by ISOintelligentlife 4 · 0⤊ 0⤋
YES
2007-04-02 14:42:26 · answer #7 · answered by Mike Jones 1 · 0⤊ 0⤋