Discussion:Issuing a W2
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Discussion Forum Index --> Tax Questions --> Issuing a W2
| 13 April 2006 | |
| I need help to get a W2 issue for a sole proprietary,
I never help anyone to get a W2 issued. It is scary to do something new. Any help? This question is related with the otheone named Schedulle C$$$$ Thank you | |
| 13 April 2006 | |
| There is a website called efileforbusiness.com that allows you to create & print W2 forms and 1099 forms online. They charge $3.49/form. I have never used them for W2's, but I used it for 1099s and it worked fine. I found the link on the irs website, so it seems to be reliable.
I know that won't help with the SS# issue (yikes!) or missing the filing deadline for W2s, but at least it's somewhere to start if you want to prepare one. | |
| 13 April 2006 | |
| I found the form W-2 and W-3 But to file that ,the employer need to get the official forms.
I'm still wonder if it would be fine to write "non provided" because the employee had no a valid SS Card | |
| 13 April 2006 | |
| Just file the form you found on the internet. Never had a problem before. | |
| 13 April 2006 | |
| Foxttron,
Maybe the problem is just the $50.00 penalties "This form is provided for informational purposes only...bla,bla,bla.. | |
| 13 April 2006 | |
| I will be more worry about the late penalty for paying the 941 taxes associate with the W2. $50 is nothing compare to them! | |
| 13 April 2006 | |
| If your client did not file quarterly payroll tax returns you will just be getting him into trouble. If you are convinced that the deduction is legitimate and that a 1099 could not be filed because there was no social security number, just take a deduction for contracted services, | |
| 13 April 2006 | |
| I was cheking the 941 Foxttron:
If he does no't issue a W2, or a 1099Misc, he get two options: His estimated income is around 78 000- Maybe an AGI amounting $60 000 after deducted all ordinary expenses With that, single. No estimated tax paid, He is not going to be happy owing around $9 ,000 to the IRS--- Of course ,I'm not going to help him to inflate his expenses - Issue a W-2 It is worst ,as you notice due the taxes he failed to withheld. What about issue a 1099 Misc??? - Please advise | |
| 13 April 2006 | |
| You get to the problem of employee vs. subcontractor. It is easier (and, in this case probably wrong) to issue a 1099 - no taxes to be paid on his behalf. Remember that he (the employer) can take a deduction (W2 or 1099) if he had a legit sec 162 expense. Can he prove (with checks or similar) that he gave this monies to this employee/contractor during the year? If not, the IRS, in case of an audit, will disqualify the expense and you are at the same point. The easiest thing and less risky is to declare the income for himself. It may not be pretty, but it is safer if he has no tangible proof.
Hard choice, but, again, the employer should have consulted with you from the beginning, not now. | |
| 13 April 2006 | |
| I have farm client that never get SS#, I just list under misc expense Contract labor, after explaining what will happen if the IRS checks, Be sure he know better for 2006. Most of my business client don't get 1099's for whom they work for either I kept telling people "you have been lucking so far". Everyone is responible for turning in ALL their income weather they let a form or not. | |
