The company that issues my W2 for life insurance in excess of $50,000 screwed up this year. Box 12a correctly has code C with a $$$ amount but boxes 12b and 12c are blank. Normally, box 12b would be populated with code M and a $$$ amount for unpaid social security taxes and box 12c would be populated with code N and a $$$ amount for unpaid medicare tax. I know what these amounts should be )code C $$$ x .062 and code C $$$ x .0145 so that part is easy.
My question is should I attempt to get a corrected W2 because my return would not match the W2 or is that information simply for the filer? Would the IRS reject my return if I submitted it with the appropriate amount of taxes owed input into TT or do I need a corrected W2?
