Many employees believe they need to complete a new Form W-4 every year. In reality, the IRS does not require annual updates. However, there are several situations where completing a new W-4 is important to ensure the correct amount of federal income tax is withheld...
Form W-2
What to do when a W-2 or Form 1099 is missing or incorrect
It’s important for taxpayers to have all their documents and information so they can file an accurate and complete tax return. This may mean waiting to file until they receive all their documentation – and it can also mean following up on missing or incorrect...
How to Decode Box 1 of Form W-2
Box 1 of Form W-2 shows the employee's total compensation that is subject to taxation for the year. Per an article published by Forbes, "This tends to be the number most taxpayers care about the most." Consequently, there's no room for error. Below are inclusions...