Tax updates

[Kae3106]

The W-2s are on their way! Yippee.

Form 1095-C will be available online on January 29 through UPSers and mailed out shortly thereafter. Originally we were told that you were required to have this form in hand to file your 2015 taxes. However, since it is a new form and employers aren't required to send it out for a couple of months, the IRS will let you file without it.

If you are one of the employees who claims to be completely exempt from federal withholding on your W-4, please remember that you must send in a new form for 2016. It cannot be done online. Please don't be that guy who forgets to renew his form and tries to demand a refund when Payroll begins withholding taxes. All other W-4 settings will carry over from year to year but the IRS requires a new form every single year for those claiming to be exempt.

 

[Jackburton]

Thanks for the update, I usually judge when tax forms go out by how many new cars are in the parking lot. Well, that and how many people suddenly want to take 2 weeks worth of no pays.

 

[jaker]

I just can believe how many people can't wait to file , is it like winning the lottery for them or something

 

[Brownslave688]

I just can believe how many people can't wait to file , is it like winning the lottery for them or something

And here I am just hoping I don't owe anything. Lol.

 

[jaker]

And here I am just hoping I don't owe anything. Lol.

Me too , maybe that's why I don't get mine done until April 14th

 

[UpstateNYUPSer(Ret)]

Mine are done---just waiting for the W-2 to make sure it matches the EOY pay stub (it will).

 

[brownmonster]

It's on my list for early March. Lost 2 dependents and tuition deductions this year. Ouch.

 

[Brownslave688]

I'll get mine to my accountant when I decide to dig through everything and get my stuff together.

 

[clean hairy]

If I owe, it sits until April 14th.
If I overpaid, it gets sent in real quick!

 

[upschuck]

I'll get mine to my accountant when I decide to dig through everything and get my stuff together.

This is their peak, so be considerate and don't wait to the last minute. I can just imagine what CPAcafe says.

 

[Orion inc.]

I'll get mine to my accountant when I decide to dig through everything and get my stuff together.

Mine starts calling 1st week of February. I'm collecting paperwork all year it seems.

 

[Brownslave688]

Mine starts calling 1st week of February. I'm collecting paperwork all year it seems.

I got a packet from them a week or two ago. Haven't really went through it. I think it's just a checklist of what to bring.

 

[Brownslave688]

This is their peak, so be considerate and don't wait to the last minute. I can just imagine what CPAcafe says.

One of my good friends is a CPA. I hear all about it.

 

[Melvino12]

The W-2s are on their way! Yippee.

Form 1095-C will be available online on January 29 through UPSers and mailed out shortly thereafter. Originally we were told that you were required to have this form in hand to file your 2015 taxes. However, since it is a new form and employers aren't required to send it out for a couple of months, the IRS will let you file without it.

If you are one of the employees who claims to be completely exempt from federal withholding on your W-4, please remember that you must send in a new form for 2016. It cannot be done online. Please don't be that guy who forgets to renew his form and tries to demand a refund when Payroll begins withholding taxes. All other W-4 settings will carry over from year to year but the IRS requires a new form every single year for those claiming to be exempt.

Does this mean the W2's have been sent out? And I live in Ohio, does this apply to me?

 

[UpstateNYUPSer(Ret)]

Does this mean the W2's have been sent out? And I live in Ohio, does this apply to me?

Employers are required to send out W-2's no later than January 31st.

Yes, this applies to you.

 

[Melvino12]

Ok thank you , I'm a bit skeptical because of past experiences, but they have been sent out?

 

[UpstateNYUPSer(Ret)]

Ok thank you , I'm a bit skeptical because of past experiences, but they have been sent out?

Kae works in payroll and if he says they are on their way that means that they are on their way.

You can download them (when they are uploaded) from the ADP link on upsers.com. They should be available by the end of the week.

 

[Melvino12]

Ok that's good.

 

[brett636]

If I owe, it sits until April 14th.
If I overpaid, it gets sent in real quick!

Honestly it doesn't really matter. You can file your taxes in February and if you owe it isn't due till April 15

 

[Brownslave688]

Honestly it doesn't really matter. You can file your taxes in February and if you owe it isn't due till April 15

And you know what I'm gonna owe the same no matter what the date is. Might as well pay it now.