Great and reputable commercial enterprises have identified taking on new jobs every four or five years as very smart choice to take for your career. This is due to the experience that one earns from working varying job environments and how it improves skills necessary for your profession. For a worker who plans to take one this smart career choice, there are very key courses of action that are mandatory to take. In this particular article, we discuss a particular important document called the W-2 .
This is a document that holds information on the total pay made to particular employee yearly.It is required by the internal revenue service for every employer to file this document which the employee shall use to determine if at one point in the year, they will be required to pay or get refunds. This form also specifies to your new employer the amount of money paid for your health insurance. It is also a contributing factor in the calculation of retirement benefits.
After the significance of this document has been well looked into, it is time to explore the steps to take so as to get this document. The initial action to make would be to inform your employer to issue you with your W-2 document. There will be need to give an address through which the document shall be sent, conveniently an email address.Remember that any mistakes in the email address will end up in your not getting your files and hence double check that its precise.
The alternative course of action would be to reach out to the IRS, if the first step proved fruitless.This step is only recommended if your company has been continually unresponsive to your emails and calls.The IRS offices will most probably require you to provide the Employer Identification Number of the company that you had been working with. This number is usually included in other W-2 documents and paychecks that were given by the employer in previous years.From this point onwards, the IRS will contact your employer on official grounds to remind them of their duty to issue your W-2. These two courses of are guaranteed to get you through any problems you encounter when acquiring a W-2 form.
Sometimes, the above steps might not be effective, in this case one can still file taxes using the 4853 form which is a substitute to the W-2 form. The form can be accessed online in the IRS website. To avoid the need to file for adjustments to your tax returns using a 1040x form, ensure that the details on both documents is matching.