Employer will not agree to fix "Retirement Plan" check box on W-2, Box 13

Forum|Forum|3 years ago
January 29, 2023
2 replies
18 views

My employer does not offer a retirement plan. Their accountant erroneously checked the "Retirement Plan" box on my W-2 in Box 13, and when I brought it up to them they seemed not to care. I certainly don't expect them to issue a W-2C with no "X" in the Retirement Plan box. Furthermore there is no entry in box 12a showing an amount deferred, since there is no retirement plan offered.

A person who posed "what should I do" relative to this same question in 2019 got the response that they should enter the W-2 information as received, whether it is correct or not. Otherwise, they would get an audit letter.

This issue is important because it impacts the deductibility of a Traditional IRA. Is there really nothing that can be done if you have an employer that can't even be bothered with producing an accurate W-2?

Bsch4477

Level 15

Call the IRS toll free at 800-829-1040 or make an appointment to visit an IRS Taxpayer Assistance Center (TAC). The IRS will send your employer a letter requesting that they furnish you a corrected Form W-2 within ten days.

JohnB5677

Level 15

If your employer is not willing to correct the W-2, I suggest that you do not indicate that your employer has a retirement account, and that you do take the traditional IRA deduction that is within the limits.

if your Modified Adjusted Gross Income (MAGI) is within the limit range it will not be a problem.
If the MAGI dose exceed the limit range, you will get a notice.
- It will instruct you that you will have to withdraw part of your contribution.
- However, you will have the opportunity to present your case.
- You can then confirm that your employer does not have a retirement plan.

If you do get a letter you can call toll-free at 1-800-829-1040 or visit a Taxpayer Assistance Center Local IRS Office

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