Corrected W-2

[newarkster]

I received a nda envelope on Friday from UPS payroll that had a corrected W-2....... from 2013. Are you kidding me? And the letter that accompanied it said I will need to ammend my return. Did this happen to anyone else or am I just lucky?

 

[IVE GOTTA PACKAGE 4U]

I received a nda envelope on Friday from UPS payroll that had a corrected W-2....... from 2013. Are you kidding me? And the letter that accompanied it said I will need to ammend my return. Did this happen to anyone else or am I just lucky?

Not me

 

[upschuck]

You're lucky, I guess.

 

[IVE GOTTA PACKAGE 4U]

You're lucky, I guess.

Twss

 

[MendozaJ]

Only if the amended return results in a refund.

 

[newarkster]

Only if the amended return results in a refund.

According to the W-2, the correct gross income dropped by just under $800. I guess I should look into it because I would get back a few bucks.

 

[UpstateNYUPSer(Ret)]

According to the W-2, the correct gross income dropped by just under $800. I guess I should look into it because I would get back a few bucks.

Do you prepare your own taxes? If so, do you use tax software? If you do it is very easy to amend a saved return.

Amended returns cannot be e-filed and any refunds take a long time to show up in your checking account.

 

[By The Book]

According to the W-2, the correct gross income dropped by just under $800. I guess I should look into it because I would get back a few bucks.

Did your amount of taxes paid change as well?

 

[newarkster]

Do you prepare your own taxes? If so, do you use tax software? If you do it is very easy to amend a saved return.

Amended returns cannot be e-filed and any refunds take a long time to show up in your checking account.

Yes I did my own at home. I will look into it but really hate the fact that I have to waste my time because of UPS'S error.

 

[newarkster]

Did your amount of taxes paid change as well?

No, just the income... SS taxes paid... and Medicare taxes paid.

 

[UpstateNYUPSer(Ret)]

No, just the income... SS taxes paid... and Medicare taxes paid.

It takes less than 5 minutes to amended a return completed with tax software.

 

[By The Book]

No, just the income... SS taxes paid... and Medicare taxes paid.

I would call a tax professional(H and R Block maybe). Did you research where the error occurred? Does your last paystub match the new W-2?

 

[brownmonster]

Happened to me years ago when I still used an accountant. I got the NDA letter with no explanation. Accountant sent an amended return. Cost me 85 bucks. Called the local and UPS paid it.

 

[UpstateNYUPSer(Ret)]

I would call a tax professional(H and R Block maybe). Did you research where the error occurred? Does your last paystub match the new W-2?

There is no need to call a tax professional. Simply compare your last pay stub of 2013, which can be found on upsers, with your original and corrected W-2's. The differences should be limited to gross income, federal and state taxes. You then go to your tax software, open up the federal return for that year, open up your W-2, update the figures and calculate the difference in your refund to see if it is even worth filing the amended return.

If you choose not to amend your return the IRS will do it for you and will either send you a check or a bill.

 

[MendozaJ]

I think the only way you get a refund is if the -$800 drops you below the threshold of your tax bracket for 2013. There's also the case of the -$800 qualifying you for the Earned Income Tax Credit, a remote possibililty if you're a PT loader, or somewhere along that line of work (the $10-11/hr guys). You don't need a professional.