Federal Tax Due Dates 2009
September 3rd, 2010
Question: Do I have to claim all received wages or is there a minimum amount per employer?
I have two employers that each only paid me a very small amount of money and they did not withhold federal income tax but did withhold SS and Med. The first company paid me only $38. I left the company about 2 weeks before the end of the prior tax year but I suppose they had some vacation pay or something left to pay out and the check was dated 2009. So they sent me a W2 a few days ago.
The next company paid me $102 and they also did not withhold federal income but did withhold SS and Med. It was on-call work and I only performed one job but it was also W2.Do I need to claim these? I couldn’t find anything on the IRS website related to this. And since they sent me a W2 I would assume that I need to claim them but since they didn’t withhold any federal income tax I thought there might be a minimum dollar amount that has to be exceeded before fed income tax is due.
Please submit links to the IRS website to backup your statements if possible. Of course any input is appreciated.
Answer: You have to include all wages on the W-2s you receive. That is the nature of a W-2….reportable income, meaning reported to you as well as the IRS. Reporting is a legal requirement. If you submit a tax return with incomplete or incorrect income information, that will be a red flag for an audit, something you absolutely want to avoid.
You can call the IRS yourself to verify. 1-800-829-1040
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