Tax help requested

Factual Questions
1

I’m tackling my taxes with Tax Act online for free but I have some questions

  1. I have 2 W2 forms from one employer. They both my my SS# right but address wrong. Is that a problem?

  2. Same employer. One W2 is blank except for 2.00 in Local Income and UI/WF/SWF under Locality Name. The other has all the info filled in and says 2.35 under Local Income and DI under Locality Name.

I did check and it’s the same EIN on both

  1. From my main job in box 14 it lists 414(h) and Section 125 in box 14. What does Section 125 mean?

  2. Again with my main job In Box 13 Statutory Employee is not checked but Pension Plan and Deferred Comp is checked do I mark of Retirement Plan when I’m filling out the app?

2

bump

3

I use TurboTax instead of TaxAct, but there’s probably not a big difference. When something I entered was incorrect, it raised a flag and I was asked more questions until I got it right and my entry was accepted. Why not fill in the blanks with what’s on the W-2s and see what happens?

My husband also had two W-2s from the same employer, same EIN. (One had LLC in the name, the other didn’t.) I just filled in the blanks for each W-2 as TT requested and it went through fine.

As for the incorrect address, I don’t think that’s a problem. The year I married, my W-2s had two different last names. The IRS didn’t question them. People move, they change their names, data entry isn’t perfect, etc.

4

I’ll give this a go. I’m a lawyer but not yours, so don’t rely on this. I’m just telling you what I would do in your situation, not giving legal advice.

If I were you the first thing I would do is talk to your employer to see if they could get you a new W-2 that isn’t messed up. Barring that, I would just enter both of the W-2s into Tax Act exactly as they appear, warts and all. Your employer was supposed to send copies of the W-2s to the IRS, so I think matching up and being wrong is probably better than not matching and your filing being right (when the “wrongness” relates to things like the address and different boxes checked etc.).

Also, a Section 125 plan is a “cafeteria plan,” which is like a deferred compensation arrangement where you can choose different options.

5

Thanks for the replies. I found it very difficult to reach the former employer. They did not return my calls for three weeks.

6

I’ve filed W-2s with old addresses on them before with no apparent ill effect, FWIW. IANAL, IANYL, IDNS, etc.

I assume the addresses are both in the same state?

7

Yes the addresses are in the same state they Spelled it Syracuse Court instead of what it should be