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W-2 Form ??

Old 12-04-2008, 04:41 PM
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4/0
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Hi all, I did not know where to put this so here I am.

The company I have for went under and filed 13 this week, we built high-end residental 1.5 to 4/5 mil +, I ran jobs for him for the last eleven years. Everything has disappeared except the building .... What I am wondering about is how to get my w-2 form, I am out payroll and some other $$ but I know I won't get that and really do not care about it anymore.

Reason I need the w-2 is my daughter was accepted at a college and was given a scholarship for 4 years but they asked her to apply for a additional one that would pretty much be a full ride, they will not accept my last pay reciept and they said the earlier they get the application in January the better chance there is to recieve it.

So would any of you have any ideas where I need to start ?
Thanks

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Old 12-04-2008, 05:12 PM
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did they use an external accounting service or payroll service?
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Old 12-04-2008, 05:15 PM
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Back-in-Black,
Thanks, it was all in house and I was set up on direct deposit.
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Old 12-04-2008, 05:16 PM
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Default Re: W-2 Form ??

you should still get a W2
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Old 12-04-2008, 05:17 PM
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fichtion ,
Thanks for the reply, from who ? the courts ?
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Old 12-04-2008, 05:22 PM
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Have you considered attacking this from both ends? Work on the W-2 AND get the school involved? Involving them early might make all the difference.

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Old 12-04-2008, 05:31 PM
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Default Re: W-2 Form ??

Don't panic. You can re-create your W-2 on an Internal Revenue Service form and file it instead with your return.
Alert the IRS
First, find your last pay stub. You'll need the information shown there -- wages, Social Security and Medicare taxes paid, federal and, if applicable, state and local taxes withheld, any pension or 401(k) contributions -- to re-create your missing W-2.
The stub also should show the employer information: company name, address and possibly the employer identification number. If the EIN isn't on a pay stub and you received a W-2 from the errant employer in prior years, the tax number will be on the old statements. You don't have to have the EIN, but it will help when the IRS processes your return.
Armed with this information, call the IRS at (800) 829-1040 for help in obtaining the missing form. The agency says don't call, however, until after Feb. 14; this should be enough time to make sure that your original statement or a reissued one isn't going to show up. When you do call, the IRS will use the employment data you gathered -- along with your personal information such as your Social Security number and dates of employment -- to remind your boss that you need a substitute W-2.
The IRS will send your boss a special form noting that you did not receive your W-2. You'll get a copy of that notice along with a Form 4852, Substitute for Form W-2, Wage and Tax Statement. If, even after nudging from the IRS, your employer doesn't send you a replacement W-2 in time for you to file your return, you may file using Form 4852 in place of your missing wage statement.
Do-it-yourself W-2
If you can't get through to the IRS, you can download Form 4852 and fill out the replacement wage statement yourself.
This one-page form (plus a page of instructions) walks you through the W-2 re-creation process. You'll also have to explain how you got the numbers you entered (generally from old pay checks) and describe the efforts you made to obtain your missing W-2. If you're missing multiple W-2s, you'll need a separate Form 4852 for each.
After you complete the form, attach it to your tax return in place of your absent W-2. A copy of Form 4852 also should satisfy your state tax collector for those returns. Be aware, though, that using Form 4852 instead of an original W-2 may delay your refund while the IRS verifies the information you provided.
And in cases where an employer has filed for bankruptcy or ceased operations, the IRS suggests you send a copy of Form 4852 to your local Social Security Administration office. The agency's office locator can help you find the one nearest you. This should ensure that you get proper credit for the Social Security and Medicare taxes you paid so that your checks will be correct when it comes time to collect these benefits.

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Old 12-04-2008, 05:35 PM
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Default Re: W-2 Form ??

cjd,
The W-2 I am trying to figure out now , I've talked to the school about what they need for Presidental Scholarship App. , I don't know what the school could with a chapter 13 contractor or am I missing what you are thinking ?
Thanks
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Old 12-04-2008, 05:46 PM
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I think you have gotten some good advice from Kingair.

I have no idea what the school might be able to do to help you with this. I where in you shoes, I might ask them. I would agree they probably cannot help you get the W-2, but they may be able to coach you on how the secure the scholarship.


Good luck
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Old 12-04-2008, 05:51 PM
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Default Re: W-2 Form ??

Kingair,
Thanks, The IRS is already involved from what I "heard", I did save my last wage statement but I am hoping to be able to get my W-2 in early January for the early scholarship application, this could give a full 4 year ride and she has worked hard for it she has a 1310 SAT and a 26 ACT. ( came from her mothers side )
I just hate that this sudden fall at work could impact this for her.
Thanks again
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Old 12-04-2008, 05:57 PM
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I would fill out the form and use that to "prove" income. I am sure they have dealt with this situation before and hopefully will work with you given the situation. I would also fill the form out and take it to your local IRS and see if they are willing to help. Good luck
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Old 12-04-2008, 06:12 PM
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Kingair,
Thanks , yes this looks like the only option I have , I always feel better when I have a plan B but that is not looking so good right now though.
The school has already accepted her with about a 35% 4-year scholarship now and they asked us to apply for this other one.
Tight Lines
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Old 12-05-2008, 02:29 AM
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Default Re: W-2 Form ??

There is a form called Substitute W-2 and you just use your last check stub to complete it when you file a return.

The return will have to be "paper filed"(can not file these electronically).

This form should work for the FASFA, fill this out early as possible, and for anything else you need.

Also helps if you have the employer's federal ID number, if you worked for them in 2007 it will be on that W-2.

The IRS will honor the information on your W-2 but the employer does not have to mail them out until 1/31/09 and even then the IRS will not get involved for a while so if I did not receive a W-2 by first week
of Feb., I would complete the substitute W-2 form and go from there

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Old 12-05-2008, 05:40 AM
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Default Re: W-2 Form ??

4/0, you've gotten good advice above regarding the IRS implications, but you should also try politely going up the ladder at the scholarship/financial aide dept. to speak to someone there who has the understanding of the application/grant process and can help process the information from within that department. I find it very hard to believe that on the one hand, the school is aware of your financial situation and recommending that you apply for a specific scholarship, and then turning around and in effect saying that you are basically ineligible for that scholarship simply because you cannot provide them with a w-2-which is really nothing more than a piece of paper verifying your wages, a piece of paper which is in reality really not much more substantial evidence than a payroll stub.

What I think you need to know is does the school approve and grant the scholarship internally, or are they submitting the application to someone else outside the school. If the school is forwarding the application, you many need to get in touch directly with the granting agency, which could be a little difficult, but not impossible.

BUT before doing anything like that, call your old co's payroll department and see what their intentions are. As above, your 2008 W-2 is not required to be provided to you until 1/31/09 at the earliest, and just because they filed Chapter 13 does not mean that the courts will not require the company to complete their 2008 reporting requirements. If the payroll dept is defunct, wth, call the owner(s).

If everyone is gone, go to the local court in the town where the proceeding was filed, get the name of the corporate attorney who filed the petition and try to contact the attorney re this matter. The company/owners can't just disappear.
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