How to Find an Online W-2 form 2014, 2015 with TurboTax Revealed by Tax Examiner

Frank Ellis discusses an online tool available from TurboTax to help people get their W-2 form faster, in a new Examiner.com article.

LIGHTNING RELEASES January 27, 2015 – Traverse City Tax Preparation Examiner Frank Ellis reveals information about the TurboTax form finder from which people can obtain their W-2 form electronically. The author starts with an introduction to the software tool. It helps file a W-2 used by employers to report salaries, wages, and withholdings to the Internal Revenue Service. http://ift.tt/1oIrqrP

The online tool featured in TurboTax 2015 is covered next. With the form finder, users can enter their employer’s name and the tool will present a list of options. The system lets the person know right away if they can import the form, or the software will automatically notify one when it is ready. http://ift.tt/1g0ZWEN

In the instance of duplicate W-2s, sometimes an employer will add information on the second that didn’t fit on the first, but only one has to be filed. The article also covers cases where multiple W-2s come from the same employer, but have different amounts. Online filing is useful here because one can enter all the amounts to total it all up.

A background on the W-2 is also provided. Sent to employees by companies by late January, the multi-box form enables people to report their payments, federal tax withholdings, and more, according to the author. Employers usually take care of tax payments throughout the year, by withholding funds from paychecks. Subtracted from tax bills, these payments are the focus of whether one is refunded or billed additional amounts.

The author also notes that self-employed individuals and contractors need a 1099 instead.

For those filing with a W-2, Ellis reveals that TurboTax automatically imports information into the form. It checks for accuracy with an error checking feature. Avoiding costly mistakes, the author says, the software also helps taxpayers because it automatically checks for tax credits and deductions one may qualify for. The benefit of the W-2 locator tool is a taxpayer can get the form and file with the IRS sooner.

To learn more about TurboTax and the W-2 locator, go to http://ift.tt/18pexhn.

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