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Coming soon to a forum near you: "I was seasonal (fill in the title),when will my W-2 arrive?
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<blockquote data-quote="Bagels" data-source="post: 1258187" data-attributes="member: 43436"><p>Good information, but overgeneralized: the IRS expects that taxes are paid in the year in which income was earned, not received; however, the IRS accepts regularly scheduled pay periods in which income would be dispensed in the following year to be considered income of that year (as well as tax on retro pay). However, if I knew UPS shorted me in November but waited until it'd be paid after the new year -- when I may be in a lower tax bracket -- to be dispensed, that's tax evasion. A UPS manager retiring in 2014 asking for his 2013 bonus to be paid in January is also an example of tax evasion. Although I'm sure stuff like this happens all the time...</p><p></p><p>Not that anyone cares, but just to clarify people's curiosity...</p></blockquote><p></p>
[QUOTE="Bagels, post: 1258187, member: 43436"] Good information, but overgeneralized: the IRS expects that taxes are paid in the year in which income was earned, not received; however, the IRS accepts regularly scheduled pay periods in which income would be dispensed in the following year to be considered income of that year (as well as tax on retro pay). However, if I knew UPS shorted me in November but waited until it'd be paid after the new year -- when I may be in a lower tax bracket -- to be dispensed, that's tax evasion. A UPS manager retiring in 2014 asking for his 2013 bonus to be paid in January is also an example of tax evasion. Although I'm sure stuff like this happens all the time... Not that anyone cares, but just to clarify people's curiosity... [/QUOTE]
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Coming soon to a forum near you: "I was seasonal (fill in the title),when will my W-2 arrive?
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