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Financial Planning / Tax Strategies


Subject:  Re: How Far Back to Correct Return? Date:  12/19/2013  10:23 AM
Author:  Wradical Number:  119728 of 128291

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.


By chance, is the decrease in FICA withholding equal to the check you just received? That would be the simplest explanation.

If not, then yes, by all means, talk to your CPA, which is a good idea in any case.

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