The Tax Preparation Blog

Question: Can Employers Charge Money for W-2′s?

In 2006 I worked for a retail company. I never recieved my W-2 in the mail (the had an address on file that I never resided in and was definately not where my checks were sent to). Anyways, I got an e-mail from them saying I could print my W-2 out online for free until October 15th (or 17th can remember exact date). 2007. So I went to go print it out and it said it was $7.00 to print out a copy of your W-2. My 2006 income taxes are already over due and I have already filed for extensions, so I had no choice but to pay the $7 to get my W-2 so that I could send in the forms. Is that illegal? I could understand maybe paying for postage, but $7 to print it off the internet? I don’t understand how information that is yours and that you need, and that they sent to some random address, they could charge you for it?

Answer: My son had the same situation, but they charged him $25 to generate and mail a duplicate W-2. They probably have to provide the first copy for free, but if you “lose” that one they are allowed to charge a fee to cover administrative costs. They will say, of course, that they mailed it to the address you gave them, and how can you prove them wrong?

Maybe someday someone will put together a class action lawsuit . . . .

TurboTax Home & Business Federal + State + Federal efile 2009 $42.89 TURBOTAX HOME & BUSINESS WITH…

TurboTax Basic Federal + e-File 2010 – [Old Version] $4.99 The Intuit TurboTax Basic Tax Year 2010 Software automatically double-checks to help make sure your return is accurate. It features downloadable Audit Support Center, which provides guidance on everything you need to do if you are contacted by the IRS. And finally, it files your return electronically and prints it on plain paper….

Heavitree Brewery – Final Results

Heavitree Brewery – Final Results

Effective 2.7.11 No More Lebanon County Switchboard Operators.wmv

Harper Government: Standing up for Honest Businesses

THUNDER BAY, ONTARIO–(Marketwire – Feb. 24, 2011) – The Honourable Keith Ashfield, Minister of National Revenue, Minister of the Atlantic Canada Opportunities Agency, and Minister for the Atlantic Gateway today held a roundtable discussion with local business leaders about how the Government of Canada is supporting job-creating businesses and working to combat the underground economy. Minister …

Income, Credit & Home Loans: Buying a House : Private Mortgage House Insurance (PMI) Tips

Question: Relocation assistance – ordinary income or adjustment to basis?

I received relocation assistance from my employer in 2009. Included in the package was reimbursement on the loss in value of my home that I sold in my original location as well as broker fees, etc. This reimbursement will be included on my W2.

When reporting these items on my 2009 tax return, is it more appropriate to report this as ordinary income (since it is on my W2) or exclude it from ordinary income and bake it into the gain/loss on home sale calculation (adjustment to basis in home, etc.)? If you can provide an example directly from the IRS literature that addresses this, that’s an automatic best answer.

Answer: You may want to check this page at the bottom. They have some info on moving and deductions. Hope this helps!

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First Thoughts: Obama’s opening bid

Presidential budgets are more political documents than anything else, and this budget is by someone who wants to win re-election in 2012. Now we wait for the GOP’s counter-offer.

Calculating Income Tax

Canadian Natural Resources Limited Announces 2011 First Quarter Results

CALGARY, ALBERTA–(Marketwire – May 5, 2011) – Commenting on first quarter results, Canadian Natural’s Chairman, Allan Markin stated, “Our primary heavy crude oil assets delivered record quarterly production supported by the expanded drilling program we continue to execute. Our teams continue to focus on safe, efficient and effective operations, especially during this year’s challenging Western …

Solar Observing and Night Skywatch April 9th

The Carroll County Singers will be performing their Spring performance entitled “Jesus Remember Me.” The performance will be held Saturday April 16th at 7 p.m. and Sunday April 17th at 2 p.m. at First Evangelical Lutheran Church 301 S. Clay St, Mt Carroll, IL.