Tax question

[Cdowwe]

Not sure if anyone can help me but Ill try. Heres the deal...

I get a W-2 in the mail from a past employer who the last time I worked for was around Christmas 2005 over my break. I dont think I worked for this guy in 2006 but I received a W-2 saying I did. At most it would have been a couple days in 2006 but not the amount he claims I did. Is it possible hes claiming this for his benefit and should I bring it up to him. Should he have proof that I actually did work for him? Is there any other way for me to find out for sure? Thanks.

[SnyderShrugged]

Not sure if anyone can help me but Ill try. Heres the deal...

I get a W-2 in the mail from a past employer who the last time I worked for was around Christmas 2005 over my break. I dont think I worked for this guy in 2006 but I received a W-2 saying I did. At most it would have been a couple days in 2006 but not the amount he claims I did. Is it possible hes claiming this for his benefit and should I bring it up to him. Should he have proof that I actually did work for him? Is there any other way for me to find out for sure? Thanks.


It probably would even be fine to just not claim it on your taxes at all.

If there is ever an audit, it would most likely impact him and not you anyway.

I take it that the wages for 2006 would be tiny anyway?

Just my :2cents: , and Im not entirely sure what the risk is, but I suspect that it's small

[Cdowwe]

Yea the amount is only 876 dollars for the year, basically 73 hours at a independent UPS Store. Thatd be about 2 weeks but I dont think its right. The only reason Im hesitant is that amount will affect my state return in a big way.

[HOF44]

It probably would even be fine to just not claim it on your taxes at all.

If there is ever an audit, it would most likely impact him and not you anyway.

I take it that the wages for 2006 would be tiny anyway?

Just my :2cents: , and Im not entirely sure what the risk is, but I suspect that it's small

Wrong answer. You ALWAYS want to claim income sent ot you on a W-2. The IRS gets the same copy to them.

As for him gaining an advantage by filing a false W-2, I doubt it. If it was a 1099 that would make more sense. On W-2 wages he has to send a check to the gov. for 1/2 your social security. I'd say it's either an mistake on his part or not remembering correctly on yours.

[Insomniac]

Yea the amount is only 876 dollars for the year, basically 73 hours at a independent UPS Store. Thatd be about 2 weeks but I dont think its right. The only reason Im hesitant is that amount will affect my state return in a big way.

Turbo Tax says anything under $3k doesn't have to be claimed unless it was your only source of income for the year.

[HOF44]

Turbo Tax says anything under $3k doesn't have to be claimed unless it was your only source of income for the year.

Thats if your total income for the year was under 3000, not any individual source of it.

[Coach Williams]

I have a tax question too.....

Should my wife and I file together or seperate if I have no kids, am in college, and not apart of any military branch>?

[HOF44]

I have a tax question too.....

Should my wife and I file together or seperate if I have no kids, am in college, and not apart of any military branch>?

In most cases it's better to file married. Run it through turbo tax and see what it says. In alot of cases a web based version is free to use on their website if your income is not to high or your taxes not to complicated.

[Coach Williams]

ok....I have a turbo tax box here somewhere.....

[Mark The Homer]

Yea the amount is only 876 dollars for the year, basically 73 hours at a independent UPS Store. Thatd be about 2 weeks but I dont think its right. The only reason Im hesitant is that amount will affect my state return in a big way.

If they gave you a weekly pay check, and you worked the last week of December and the first week of January, you would have received both those pay checks in January, and therefore owe those taxes, two weeks worth, for 2006.

http://www.timeanddate.com/calendar/index.html?year=2006&country=1

[Gallntfox]

Wrong answer. You ALWAYS want to claim income sent ot you on a W-2. The IRS gets the same copy to them.

As for him gaining an advantage by filing a false W-2, I doubt it. If it was a 1099 that would make more sense. On W-2 wages he has to send a check to the gov. for 1/2 your social security. I'd say it's either an mistake on his part or not remembering correctly on yours.

Good advice Bob...ALWAYS claim W-2 income in such a case or you will be sent a bill with interest and penalty after the IRS sees you didn't claim it. They WILL catch it.

And yes...he would be able to write off 100% of the wages he paid you on his schedule C for his business so it does help him. As Bob said two he does have to pay your FICA but half of that is only around 7% I believe. :2cents:

[Lowghost]

I should be getting a 1099 from a company for last year, how much more time should I give them to get it to me ?

This company folded so I have no way to contact anybody. :doh:

[SnyderShrugged]

Wrong answer. You ALWAYS want to claim income sent ot you on a W-2. The IRS gets the same copy to them.

As for him gaining an advantage by filing a false W-2, I doubt it. If it was a 1099 that would make more sense. On W-2 wages he has to send a check to the gov. for 1/2 your social security. I'd say it's either an mistake on his part or not remembering correctly on yours.




:laugh: I guess thats why I'm not a tax accountant!!

[Cdowwe]

If they gave you a weekly pay check, and you worked the last week of December and the first week of January, you would have received both those pay checks in January, and therefore owe those taxes, two weeks worth, for 2006.

http://www.timeanddate.com/calendar/index.html?year=2006&country=1

Well I was paid Bi weekly, that could be it. Would that still work?

[twa]

Should my daughter file a return when she is claimed as a depedent on mine?
She made less than 3,000 ,but she should get what they deducted back I believe.

[Mark The Homer]

Well I was paid Bi weekly, that could be it. Would that still work?

Even more so.

Let's say you worked the last two weeks of December 2005, then quit or whatever. You would have received your paycheck the following week, In Jan. 2006, for two weeks worth of work. So you would have owed taxes on two weeks worth of income in 2006, even if you hadn't worked at all in 2006.

[Mark The Homer]

Should my daughter file a return when she is claimed as a depedent on mine?
She made less than 3,000 ,but she should get what they deducted back I believe.

lol I've got a daughter in the same situation.

I believe she won't owe any federal taxes, and maybe not even state taxes either, but the SS administration is going to have their hand out. She'll probably owe a little for that. But if she had her payroll taxes withheld, it should have been done automatically already. But, she should get whatever fed and state taxes that were withheld back.

I'd pick up a 1040 EZ form and fill it out. Or better yet, let her do it. May as well. After all, it should be EZ to fill out. And she'll be happy when she gets that government check or checks.

[twa]

Thats what I thought, it just a few hundred but that is always handy.

Besides they will rape me as usual ;)

[HOF44]

Thats what I thought, it just a few hundred but that is always handy.

Besides they will rape me as usual ;)

Just make sure when she fills out the 1040EZ that she checks the part that says someone else will claim her as a dependant. She will still get her standard deduction which will result in no taxes being paid on that amount. She will also get back all the non SSI/medicaire taxes she paid.