The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>United States Taxes

Who do incomtax with just a last check paystub?


Who do incomtax with just a last check paystub?

Whoever prepares your income tax return will have to have all documentation on your income. Just the last pay stub is not enough to determine your total earnings, tax deductions, etc.

Nobody, at least not legally. A tax preparer is prohibited by law from e-filing a return without your W-2 form in hand and it's not possible to file a paper return without one.

A paystub does NOT have all of the information required to file a proper tax return. Most don't have the employer's FEIN and virtually none of them have the information from blocks 7 through 14 of Form W-2 that may be needed to file a valid return.

In past years some of the storefront tax prep mills offered an advance loan (through bank partners) based upon your final paystub for the year. They did NOT file the actual return until you returned with your Form W-2 and any other required documentation. The problem was that many taxpayers would get that loan and then either file their return themselves or go to a different tax preparer for the final filing. They never paid off the advance loans, leading to massive losses by the banks that funded them.

None of the major chains are offering those "paystub advances" any more. There might be the odd local tax prep office that has found a source for funding them but due to the losses in the past that's not likely any more.

"america's tax service" will front you a thousand of you tax return with just your last pay stub... then when you get your w-2 you go back to them and they file it and give you the rest of your money... i use them every year for the last 3 years... they work with you to get the most back and are really nice. there is a location open in brooksville at: 642 W. Jefferson St. phone: 352-796-0338 then a location in St.Pete : 370 34th Street S. ph: 727-828-0306... hope this helps.

A tax prep place might prepare your return with just the paystub, but is not allowed to actually submit it until you give them your W-2.

You can use the information to determine what your tax refund will be assuming that you have all of the other required information. However, no reputable company will file your tax return without your W-2.

Tags
  Austin   Atlanta   Other - Business & Finance   Other Taxes   United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes
Related information
  • My ytd IS 13,826 i'm claiming 2 DEPENDENTS ONE 2 ANOTHER 3 HOW MUCH WILL MY TAX REFUND FILE HEAD OF HOUSEHOLD

    Like everyone said $4,716 is the EIC you will be receiving plus whatever you paid into the federal withholding. HOWEVER you probably don't need the HoH status. Your tax liability will be ...

  • How to claim loss on my tranditional ira account ?

    Gains and losses within an IRA have no tax consequences and aren't reported. When you withdraw money, the amount withdrawn is taxed as ordinary income to you.

    ...
  • Do you think a man is head of the household in 2007? On income tax?

    Head of Household status isn't gender based, it's defined in law. If you are unmarried or considered unmarried for tax purposes AND maintain a home for your minor dependent child or ...

  • Will we be fined by the IRS for underpayment?

    So let me get this straight you under paid during the year right? When you did you taxes you owned 500 right? If you paid that then you would have no problem. You can choose for the government to n...

  • Do you prefer software for tax filing or taking it to someone to do it for you?

    Well you doing the right thing. Doing your own is the way to go. But like you said getting married and buying a house there a lot more things you and software can miss. You can always go to H&R...

  • How much does it cost for a tax place to do your taxes for you?

    I do my own and I do others for cheap.

    ...
  • Do you realize the Democratic process has worked?

    Yes, and I believe that we ought to voice more on the issues, that we are entangled in ! !

    ...
  • What is the largest percentage of your income you can donate to lower your taxes?

    No donation is a wise tax avoidance scheme, since you only get a reduction in your taxable income not a credit on your tax liability for the donation. So if you are in a 25% tax bracket you'l...

  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster