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Old 02-10-2005, 08:05 AM
Thomas Healy
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Default Re: Tax liabilty question

"flosaeris" <flosaeris[at]comcast.net> wrote:

- quote -

> Not sure what to do here. Will try to keep it as brief as
> possible but the problem is slightly complicated.
> My husband had worked for a company for a about a year when
> they stopped being able to meet payroll. After 4 months he
> quit. I found out they couldn't meet payroll about a week
> before our planned wedding. We got married, and a couple of
> months later he quit. We thought the company would go out
> of business, but haven't. So we decided to file a claim
> with the labor board before the statute of limitations runs
> out. While getting all the paperwork together, I found that
> my husband had received a partial payroll payment in 2002.
> When I went to find the W2, I noticed we didn't have one,
> and the payment was not included in the money he made for
> the year. My husband thought he had gotten one, and I
> didn't really know about the payment. So it wasn't included
> in our return. It is about 1900.00 bucks. What can I do to
> remedy this situation. It really was on oversight on our
> part. I don't know if one was issued, or not. I realize we
> probably will get a fine. But I want to take care of it. Is
> there any guestimation on how they calculate the fine?


If he thinks he got a W-2 but lost it, you can request a
transcript of your tax return (form 4506-T) from the IRS and
ask for copies of all the forms the IRS has a record of.
Based on that you can file an amended return to include the
income and the taxes that were withheld,

If there is no record of the W-2, but he has pay stubs, he
can ask the IRS for a Substitute W-2 and proceed on the same
basis. The IRS will go after the company for any taxes they
should have paid over; if the company is out of business,
they will go after the "responsible persons" for the money.
But you get credit for the taxes taken from his pay in any
event.

--
Tom Healy, CPA
Boulder, CO
Web: http://www.tomhealycpa.com

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Old 02-10-2005, 07:46 AM
flosaeris
Guest
 
Posts: n/a
Default Re: Tax liabilty question

"flosaeris" <flosaeris[at]comcast.net> wrote:

- quote -

> Not sure what to do here. Will try to keep it as brief as
> possible but the problem is slightly complicated.
> My husband had worked for a company for a about a year when
> they stopped being able to meet payroll. After 4 months he
> quit. I found out they couldn't meet payroll about a week
> before our planned wedding. We got married, and a couple of
> months later he quit. We thought the company would go out
> of business, but haven't. So we decided to file a claim
> with the labor board before the statute of limitations runs
> out. While getting all the paperwork together, I found that
> my husband had received a partial payroll payment in 2002.
> When I went to find the W2, I noticed we didn't have one,
> and the payment was not included in the money he made for
> the year. My husband thought he had gotten one, and I
> didn't really know about the payment. So it wasn't included
> in our return. It is about 1900.00 bucks. What can I do to
> remedy this situation. It really was on oversight on our
> part. I don't know if one was issued, or not. I realize we
> probably will get a fine. But I want to take care of it. Is
> there any guestimation on how they calculate the fine?


The other perplexing thing is that at the bottom of the this
check it says "Payroll advance less estimated taxes". I
don't get what that means, and my husband doesn't remember.
They weren't paying him, so I don't understand how it could
have been an advance, and I don't understand the estimated
taxes part. The last 4 checks he got were irregular.
Meaning they didn't list withholdings.

I'm just guessing here, but it sounds to me like a W2 would
not have been issued on this.

Aeris

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 02-09-2005, 04:33 AM
flosaeris
Guest
 
Posts: n/a
Default Tax liabilty question

Not sure what to do here. Will try to keep it as brief as
possible but the problem is slightly complicated.

My husband had worked for a company for a about a year when
they stopped being able to meet payroll. After 4 months he
quit. I found out they couldn't meet payroll about a week
before our planned wedding. We got married, and a couple of
months later he quit. We thought the company would go out
of business, but haven't. So we decided to file a claim
with the labor board before the statute of limitations runs
out. While getting all the paperwork together, I found that
my husband had received a partial payroll payment in 2002.
When I went to find the W2, I noticed we didn't have one,
and the payment was not included in the money he made for
the year. My husband thought he had gotten one, and I
didn't really know about the payment. So it wasn't included
in our return. It is about 1900.00 bucks. What can I do to
remedy this situation. It really was on oversight on our
part. I don't know if one was issued, or not. I realize we
probably will get a fine. But I want to take care of it. Is
there any guestimation on how they calculate the fine?

Aeris

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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liabilty, question, tax


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