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After completing FED tax, we see there are 3- versions for printing/saving:
1) Tax Return Only
2) Tax Return, key Calculation Worksheets
3) Tax Return, all calculation worksheets
My question: out of the above three, which one Turbo Tax is transmitting to IRS?
thank you
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Tax Return Only
thank you for your message.
1) "Tax Return Only does not have W2's or any other forms as I see in the 'Key Calculation' or 'All calculation;.
So how IRS will get the information on my Social Security / Medicare Wages?
2) How IRS will get the information about my 1099-INT, 1099-DIV, 1099-R ?
Thank you
The tax data you entered for any W-2, 1099-INT, 1099-DIV, 1099-R or SSA-1099 is entered in the electronically filed tax return.
Hello
Yes, i can see most of the values in the 11"Tax Return Only" .
But i am not seeing the Social Security Wages (box 3, W2) or Medicare Wages (Box 5, W2) there.
So my confusion is not clear yet.
Sorry
@PCmd wrote:
Hello
Yes, i can see most of the values in the 11"Tax Return Only" .
But i am not seeing the Social Security Wages (box 3, W2) or Medicare Wages (Box 5, W2) there.
So my confusion is not clear yet.
Sorry
Social Security Wages and Social Security taxes along with Medicare Wages and Medicare taxes are not reported on a tax return.
Except for when the total of Social Security taxes from two or more employers exceed the maximum taxes for the year would the return show the excess taxes withheld as a tax payment.
Thank you
as you have mentioned:
Social Security Wages and Social Security taxes along with Medicare Wages and Medicare taxes are not reported on a tax return.
Those values are on W2's. If TT is not sending the W2's along with my Tax return (using Tax Return ONLY" then how IRS will know those values?
I remember, when I used to report/submit taxes manually, the attaching the W2- copies was a must required document.
Thank you
The data is not entered on the tax return but it is sent with the electronically filed tax return.
Thank you
The reason i am asking so many times, I noticed a discrepancy in the Social Sec, Medicare earnings reported in W2 and the values recorded in SS system.
in one year the value is not the right one, on another year one W2 is missing.
more fun!
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