Tax season is upon us once again, which means that it’s time to get all of your financial statements together in hopes of landing a nice refund. There are a number of different documents you will need when having your taxes prepared, but perhaps none as important as the W-2 form.
Every single company that you worked for during the previous year is required to send you a W-2, all of which should be delivered to you before January 31 of the present year.
Who can get their w-2 form online?
Not everyone is able to get their W-2 online. Your employer has to provide the availability or use another company who processes payroll services. Many companies are offering this service and it sure makes tax filing easier.
Moving during tax year and missing documents
A problem for many people is that they may have moved during the year, which means their forms may have gone to a previous address. This can be prevented by signing up to get W-2 forms online, which will eliminate the hassle of trying to track down missing forms.
Another benefit of getting your W-2 forms online is that they tend to be delivered to you a little earlier than they would be by mail. This will allow you get a jump on the crowd come tax time, which can also mean getting your refund check in the mail that much sooner. You will be notified by e-mail as soon as your forms are available.
Accessing forms online allows you to download and print your tax forms whenever you have the time to do so. There is no danger of putting your tax forms somewhere “safe” only to find that you have forgotten where that was.
The W-2 forms online are exactly the same as those that you would traditionally receive in the mail. They will have all the same information on there, as they are nothing more than a digital copy of the original. Before printing it and attaching it to your tax return, though, you should take the time to ensure that all of the information contained in the forms is accurate to the best of your knowledge. You certainly can ensure that information such as your name and Social Security number are what they are supposed to be.
Correcting w-2 information
If you do find that any information found on your W-2 is incorrect, it is up to you to contact your employer to have it corrected. They will have sent the information to the IRS, and if for some reason what they sent does not match what you have, the IRS will be looking to you to provide the answers as to why there is a discrepancy.
If you are missing a W-2 that you know you should have received you cannot simply dismiss it, even if it is only for a very small amount. Again, the IRS will have a copy from the employer and will want to know why you are not filing that particular form.
Tax information imported into tax return
Getting your W-2 forms online is the easiest way to keep track of that tax information, so it really is worth checking out. Not all employers will provide this service, so check first before assuming they do.
TurboTax will import your W-2 Form information into your tax return for you. You can have the peace of mind knowing your income tax return is filed correctly, and with the guarantee of the biggest tax refund, or least tax owed!