Follow Karen Linkedin Twitter Facebook
Email Karen Email
Financial
Feb 19, 2018

What to Do if You Don't Have a W-2

Sponsored Content provided by Karen Durda - President, Enrolled Agent, Century Accounting and Tax Services, Inc.

It’s the middle of February, and what question is on our minds as clients call asking for an appointment or if they can start dropping off their tax papers - Do they have all of their W2s?
 
What happens if the company you worked for, say, in the beginning of the year, has closed and gone out of business? What are your options? What do we need from you?
 
Well, there is an easy answer, and that is the last paystub.
 
With a “final” or year-end paystub, professionals can prepare a substitute for W2/1099 (IRS FORM 4852) and we can get the tax returns prepared for you. We attach the electronic version to the return we e-file and the IRS and state will receive a copy this way.
 
You may contact the IRS and Social Security Administration and request a wage and income transcript. Unfortunately, if the former employer failed to send the required forms to either, then you still would need to use your last paystub. If the employer used a payroll service company (ADP or Paychex, for example), you may be able to request a copy of the W2 from them.
 
It never gets old when we repeat that it is your requirement to report all your income, whether you receive a W2 or 1099 or not. There is no exception to remove penalties and interest when you fail to do so based on not receiving a copy.
 
Pack your patience along with your paperwork as you prepare to file your 2017 returns! S and C corporations are due to be filed March 15 and individuals, April 17.

Karen S. Durda, EA, President of Century Accounting and Tax Services, Inc., has been in the profession since 1984. As an Enrolled Agent credentialed by the Treasury Department, she has the rights as afforded by Congress to represent individuals and businesses before tax authorities. Since May 2012, she has also had the distinction of being a Dave Ramsey Endorsed Local Provider, assisting in budgeting and financial peace for a four-county area and parts of Myrtle Beach.As a Qualified Business expert with the New Hanover County courts, she has experience and knowledge of various scopes of professions and industries, such as medical, health services, legal, construction, retail, real estate, auto sales and service, insurance and restaurant. Continuous tax law courses throughout the year keep her up-to-date on all tax rules, regulations and law changes, as well as business trends, to better serve her clients.
 

Century logo final 11918114327
Ico insights

INSIGHTS

SPONSORS' CONTENT
Screenshot2022 01 06at338 162234623

Food is the Foundation for Prosperous Communities

Girard Newkirk - Genesis Block
Headshots march websized 2

Is Your Commercial Roof Ready for April Showers?

David Grandey - Highland Roofing Company
Web awstaffpic2020 1 132245438

The 2024 Luncheon for Literacy featuring Special Guest Jason Mott

Alesha Edison Westbrook - Cape Fear Literacy Council

Trending News

Conservation Group Signs $8M Deal To Buy The Point On Topsail Island

Audrey Elsberry - Mar 26, 2024

National Organization Bestows Top Award On Cape Fear Professional Women In Building

Staff Reports - Mar 26, 2024

Engineering Firm Hires Four Employees

Staff Reports - Mar 26, 2024

N.C. Ports Officials React To Baltimore Bridge Collapse

Audrey Elsberry - Mar 26, 2024

NCino's Fourth-quarter Earnings Signal Rebound From Liquidity Crisis

Audrey Elsberry - Mar 27, 2024

In The Current Issue

Topsail-area Realtors Share Updates

Pender County Realtors recently shared updates about the coastal market at an event hosted by the Wilmington-Cape Fear Home Builders Associa...


Hacking Cyberdefense Shortage

A shortage of cybersecurity professionals influenced professor Ulku Clark and her team to slowly evolve UNCW’s offerings to now include eigh...


Q&A: Andrews Reflects On Leadership

Pender County Manager David Andrews is slated to retire this summer after 33 years in local government....

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments