Word on the tax professional "street" is that tax filing numbers are down across the board so far. It seems that many taxpayers are a little skittish about all of the changes this year. And some folks are seeing lower refunds than they might have expected. It makes for a stressful time of year. One of the most common questions we receive is about what happens if you haven't received a W-2 yet?
So, I thought I'd take a moment to answer that for you. If you work, or have worked, for somebody else, you know a W-2 form is essential when filing your taxes. Without it, you're stepping into the batter's box without a bat. This particular tax form summarizes your annual income, benefits and taxes.
But if you have yet to receive your W-2 from a current or past employer, I want you to first contact them and ask why the delay. If you receive little response, or an unhelpful one, please consider these three important steps. You might need to implement one or all three of them in an effort to obtain the document and get on with your filing.