W2 questions
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Anonymous
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It is the first time I receive a W2 and I have some questions. Unfortunately I do not have a good relationship with the person in the company who produces the w2s and this is why I am here.
- during the year I had some travel expenses for which I was reimbursed, around $400. I see that they have included this amount as part as my income (but it has not been taxed, at least). Is this correct, to include travel expenses as income? - I submit timesheets and then they pay me. I was a bit slow submitting my December timesheet, my fault, so they have not included the December amount as part of my 2013 income. Can this document be rectified / corrected /redone? Are they going to make a fuss about it? Thanks for your comments |
Anonymous
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Travel expenses can be reimbursed through your paycheck but are not part of your earnings. You probabaly see that on your stub but if it was included in your earnings you need to get a revised W-2 with that excluded.
W-2 is cash basis. If you were paid in January even if it was for hours worked in December, it should not be included in your 2013 W-2. |
Anonymous
| Ok thanks for the info. I am surprised that it is on cash basis. Good to know. |
Anonymous
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If the company is deducting the travel expenses, it's not taxable to you.
If they were for things like spousal travel, it might be. |
Anonymous
If you were paid in January 2013 it should be on your 2013 W-2. If you were paid in January 2014 for work done in December 2013, it will be on your 2014 W-2. There I no way to change this. You are taxed on your income in the year you received the income, not the year you earned the income. |
Anonymous
Is this compatible with GFSM 2001? |