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My employer multiple times misreported my w2 income to the IRS, claiming they paid me 1.2 and 1.8x what I actually received by sending an extra undisclosed w2.
by itake 4y ago
My employer multiple times misreported my w2 income to the IRS, claiming they paid me 1.2 and 1.8x what I actually received by sending an extra undisclosed w2. The w2 they gave me was accurate. They sent an extra one without telling me with extra pay they never gave me.
I only caught the mistake the following year when I performed my annual ssa.gov inspection.
In Singapore, they pull your taxes directly from your bank account. What happens if the gets the calculation wrong?
- unlikelymordant 4y agoIt can never be completely automatic, because people may want to add deductions etc. In australia the my process was just going to the mygov website, looking at all the prefilled numbers and clicking ok. I think thats a good balance between automated and me having to look for numbers the tax department already knows.
- charcircuit 4y agoWhy can't it be automatic, but you can manually apply deductions. To get a refund or have them take less.
- unlikelymordant 4y agoPerhaps automatic after a cutoff date or something might work. Im just saying that forcing people to approve the tax departments figures by clicking a button before amounts start getting deducted from bank accounts seems like an easy and agreeable process.
- lmm 4y ago> In Singapore, they pull your taxes directly from your bank account. What happens if the gets the calculation wrong? Same thing as if your electricity/water/internet/etc. provider bills you wrongly. This is not a novel problem.
- pclmulqdq 4y agoThey have a flat tax in Singapore, so it's a lot easier.
- anigbrowl 4y agoDid you sue? Your employer was literally committing fraud.
- itake 4y agoIt has been fixed now. Mistakes happen.
- schemescape 4y agoWhy would your employer do that? Incompetence? Something nefarious? Regardless, if the IRS pre-filled this for you, then you would have caught it at filing time, which sounds like an improvement, if I’m understanding correctly.
- itake 4y agoIncompetence. It really depends what the process would be. If I get to approve, appeal, or delay all tax statements before the filing deadline, then this probably is ok. K-1s might not be delivered until after the deadline, resulting in angel investors needing to file an extension every year. [0] - https://learn.angellist.com/articles/schedule-k-1 https://learn.angellist.com/articles/schedule-k-1
- Gustomaximus 4y agoIn Australia the ATO will pre-populate some amounts. Its your job to check and agree this is correct. If incorrect, you update to the correct amount and submit. Feom there it's up to the tax office to choose to investigate further or not. If something happens like you said its simple to match bank payments to confirm.
- mcswell 4y agoAre you sure someone else didn't use your SSN? I suppose if it had the same employer on it, that's unlikely. But I'm surprised that there isn't more misuse of SSNs.
- itake 4y agoI had identity theft a few years ago, which is why I keep an eye on things now. The extra w2 came from my employer. They admitted fault and corrected it for me.