W-2 Not Received by Jan 31

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Question:
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Category: Tax and Taxation Law
Location: IL
Subject: Employer not Delivering W2's by Jan. 31st?

My employer is not Delivering my W2's by Jan. 31st. Is there any action I can take or any taxpayers rights I have to retaliate against this?


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Reply:
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Category: Tax and Taxation Law
Location: IL
Subject: Re: Employer not Delivering W2's by Jan. 31st?

Sometimes, employers cannot provide W-2's by January 31. Most employees are understanding. If you are really in such a rush to prepare your taxes, you can get all of the necessary information from the "Year to Date" section on you last payroll stub for the year.

The real issue is usually the employee is expecting a large refund. That is the problem. If your expected refund is more than $200, you should file a new W-4 with your employer increasing your exemptions. This will increase your weekly take home pay and avoid unnecessarily large refunds. Why let the government hold your money interest free?

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