http://askcpasam.com/blog Making Payroll, Tax, Finance, Accounting Understandable Fri, 04 May 2012 13:21:07 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://askcpasam.com/blog/2012/02/07/w2-questions/ http://askcpasam.com/blog/2012/02/07/w2-questions/#comments Tue, 07 Feb 2012 22:28:10 +0000 CPA Sam http://askcpasam.com/blog/?p=680 Q1. If I was paid a cash bonus in 2010 and 2011, can my employer report both years of bonus on my 2011 w-2? A. The answer to your question is really quite simple.  When did you receive the money?  Payroll taxes are calculated like cash accounting.  When funds are “constructively received,” they become taxable.  If [...]

]]> http://askcpasam.com/blog/2012/02/07/w2-questions/feed/ 0 http://askcpasam.com/blog/2009/01/21/oh-where-oh-where-did-my-w-2-go/ http://askcpasam.com/blog/2009/01/21/oh-where-oh-where-did-my-w-2-go/#comments Wed, 21 Jan 2009 13:30:05 +0000 CPA Sam http://askcpasam.com/blog/?p=238 Q.  I received a letter from the IRS this morning saying that I never filed my 2006 or 2007 tax returns.  I know I did not file with IRS or my state.  What do I do?  My employer never sent me a W-2 to file with. A. You have two very serious problems here.  You [...]

]]> http://askcpasam.com/blog/2009/01/21/oh-where-oh-where-did-my-w-2-go/feed/ 0 http://askcpasam.com/blog/2008/09/03/retrieving-payroll-documents/ http://askcpasam.com/blog/2008/09/03/retrieving-payroll-documents/#comments Wed, 03 Sep 2008 21:15:40 +0000 CPA Sam http://askcpasam.com/?p=55 Q. I am currently applying for a loan and need copies of my paystubs.  Where can I get those?  I checked online but can’t find them. A.  When I did support for PaycheckCity.com, I can’t tell you how many times I was asked that question.  Everything from: How do I get my paystubs to What [...]

]]> http://askcpasam.com/blog/2008/09/03/retrieving-payroll-documents/feed/ 0 http://askcpasam.com/blog/2008/05/21/employee-or-independent-contractor/ http://askcpasam.com/blog/2008/05/21/employee-or-independent-contractor/#comments Wed, 21 May 2008 15:27:00 +0000 CPA Sam http://askcpasam.com/blog/?p=21 Q. I am a painter and my boss says I am an independent contractor. He says I have to pay all my own taxes and my paycheck will be my total wages instead of minus taxes. Is that correct? A. Unfortunately, I can’t make the distinction of whether or not you are actually an employee. [...]

]]> http://askcpasam.com/blog/2008/05/21/employee-or-independent-contractor/feed/ 1 http://askcpasam.com/blog/2008/03/24/w-2-and-w-4/ http://askcpasam.com/blog/2008/03/24/w-2-and-w-4/#comments Mon, 24 Mar 2008 22:31:00 +0000 CPA Sam http://askcpasam.com/blog/?p=8 Q. What’s the difference between a W-2 and a W-4? A. Through my tenure on the IRS IRPAC advisory group, I have learned one great rule, there are thousands of abbreviations and acronyms thrown around the government. Just in payroll there are so many of them that is hard for someone who works in that [...]

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