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Financial Planning / Tax Strategies


Subject:  Re: How Far Back to Correct Return? Date:  12/19/2013  9:55 AM
Author:  JLC Number:  119727 of 127753

Take another look at the Corrected W-2. Have they changed the taxable wages for INCOME TAX (not Social Security/Medicare) purposes? (Box 1, currently.) If not, there's nothing for you to amend.

After further inspection, wages went from $41k DOWN to $16k. WTF? I totally don't understand that. And the FICA withholdings (IIRC) are now lower too.

Guess it will be something for my CPA to figure out.

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