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IRS Tax Tip 2013-10 Missing Your W-2? Here’s What to Do

February 8, 2013 7:10 am / Leave a comment

It’s a good idea to have all your tax documents together before preparing your 2012 tax return. You will need your W-2, Wage and Tax Statement, which employers should send by the end of January. Give it two weeks to arrive by mail.

If you have not received your W-2, follow these three steps:

1. Contact your employer first. Ask your employer – or former employer – to send your W-2 if it has not already been sent. Make sure your employer has your correct address.

2. Contact the IRS. After February 14, you may call the IRS at 800-829-1040 if you have not yet received your W-2. Be prepared to provide your name, address, Social Security number and phone number. You should also have the following information when you call:

• Your employer’s name, address and phone number;

• Your employment dates; and

• An estimate of your wages and federal income tax withheld in 2012, based upon your final pay stub or leave-and-earnings statement, if available.

3. File your return on time. You should still file your tax return on or before April 15, 2013, even if you have not yet received your W-2. File Form 4852, Substitute for Form W-2, Wage and Tax Statement, in place of the W-2. Use the form to estimate your income and withholding taxes as accurately as possible. The IRS may delay processing your return while it verifies your information.

If you need more time to file you can get a six-month extension of time. File Form 4868, Application for Automatic Extension of Time to File US Individual Income Tax Return. If you are requesting an extension, you must file this form on or before April 15, 2013.

If you receive the missing W-2 after filing your tax return and the information on the W-2 is different from what you reported using Form 4852, then you must correct your tax return. File Form 1040X, Amended U.S. Individual Income Tax Return to amend your tax return.

Oh Crap You Missed the Filing Deadline

October 15, 2009 6:36 pm / Leave a comment

By Stacie Clifford Kitts, CPA

Well, not really, today is the last day to file your extended individual tax return.

However, if you are not going to be able to file your return today, don’t completely freak out. It happens. Here’s what to do.

First, if you believe that you owe some income tax, in order to stop the accrual of additional penalties and interest for the unpaid amount, you should consider sending in a payment to the taxing agency. If you want to know how to calculate the penalties and interest related to a late filed return, check out Robert Flach’s post here.

Second, you should gather any outstanding information and file your return as soon as possible.

Here’s what to do if you are just unable to get a hold of some of your tax documents.

If you are missing a W2 – you can complete and attach to your tax return Form 4852 Substitute Form W-2 to estimate the income you expect to have. Here is a post on what to do.

If you are missing a K-1 – Form 8082 is used to tell the IRS that you didn’t receive your K-1. Here are the instructions to the Form.

If your tax records have been destroyed, they will need to be reconstructed – here’s how.

If your tax preparer is authorized to electronically file Federal income tax returns, and has applied for the IRS’s on line service, he or she can get your IRS wage and income account transcript (among other information) directly from the IRS’s website using the IRS’s e-services online products – ask your tax preparer how he or she can help you.

If you are interested in what California has on file for you, you can check out your account history on line at My FTB Account.

Once you have completed your return, mail it as soon as possible to the taxing agency with payment for any additional amounts that may be due.

If you do owe with your late filed tax return, don’t be surprised when you receive a notice indicating that you owe some penalties and interest. If you are concerned that the amount the IRS is assessing is not correct or has been incorrectly applied to your situation, consider the need to contact a qualified tax professional authorized to speak with the Internal Revenue Service on your behalf to resolve the situation.

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