Why Your Last Paystub Is Not a Substitute for a W-2

A paystub is an estimate, not a final tax statement

A final paycheck may show year-to-date wages and withholding, but it may not reflect every year-end adjustment. Employers issue Form W-2 to report annual wages and taxes withheld.

What can change?

Taxable fringe benefits, retirement contributions, corrections and other payroll adjustments can affect W-2 amounts. A paystub may also omit income from other employers or sources.

Avoid preventable filing problems

Filing from estimated figures can lead to an incorrect return, an amendment or delays. Compare your W-2 with your records and contact the employer about errors.

If a W-2 is missing

Request the form from your employer and consult current IRS instructions on missing or incorrect Forms W-2. The IRS has specific procedures, including Form 4852 in qualifying circumstances.

How ToMar can help

We can discuss what documents are still needed before preparing your return. Begin securely at https://portal.tmsolutionsllc.net .