Why Would I Get 2 W2s from the Same Employer?
Have you ever received two W-2s from the same employer? If so, you’re probably wondering why. The Internal Revenue Service (IRS) allows double W-2 issuance in certain circumstances, and understanding the reasons can help you avoid confusion and potential tax issues. Let’s delve into the possible explanations.
Always keep in mind that receiving multiple W-2s from the same employer is not a common occurrence. Generally, you should get only one W-2 per employer per year. If you receive multiple W-2s, it’s important to carefully review them and consult with a tax professional or the IRS for clarification to ensure accurate tax reporting.
Situations Leading to Multiple W-2s
1. Separate Business Entities or Locations
Even though you work for a single company, the organization may have separate legal entities or operate multiple business locations. In such cases, each entity or location may issue a separate W-2 reflecting the wages earned at that specific location or under that specific legal entity.
For example, a large corporation may have different divisions or subsidiaries that operate as separate entities. If you work for multiple divisions or locations, you may receive a separate W-2 for each division or location. Make sure to combine the amounts from all W-2s when reporting your income on your tax return.
2. Name or Address Changes
If your employer changes its legal name or address during the year, you may receive two W-2s. The first W-2 will reflect the old name or address, while the second will reflect the new information. In this situation, you should use the W-2 with the most up-to-date information when filing your taxes.
3. Multiple Jobs with the Same Employer
If you hold multiple positions with the same employer, you may receive a separate W-2 for each job. For example, if you work as both a teacher and a coach at the same school, you may receive two W-2s, one for each position. Combine the income from both W-2s when reporting your earnings on your tax return.
4. Tax Year Crossover
In most cases, a W-2 reflects wages earned during a specific tax year, typically from January 1st to December 31st. However, if you start or leave your job during the year, you may receive two W-2s, one from your previous employer and one from your new employer. Each W-2 will reflect the wages earned during the respective periods of employment within the applicable tax year.
Expert Advice for Handling Multiple W-2s
When you receive multiple W-2s from the same employer, it’s important to carefully review each W-2 and ensure that the information is accurate. If you have any questions or concerns, don’t hesitate to contact your employer’s payroll department or human resources department for clarification.
If you’re still unsure about how to handle multiple W-2s, consider consulting with a tax professional or the IRS. They can help you understand your specific situation and provide guidance on how to file your taxes accurately.
FAQ on Multiple W-2s
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Q: Can I combine the amounts from multiple W-2s and report them on a single tax return?
A: Yes, you can combine the wages, tips, and other compensation from multiple W-2s issued by the same employer. Report the combined totals on your tax return. -
Q: What should I do if I receive multiple W-2s with different amounts for the same tax year?
A: Contact your employer immediately to verify the accuracy of the W-2s. If there is an error, request a corrected W-2. You can’t combine incorrect W-2s. -
Q: What if I lose one of the W-2s from the same employer?
A: Request a duplicate W-2 from your employer. You can also contact the IRS for assistance in obtaining a copy of your W-2.
Conclusion
Getting multiple W-2s from the same employer can be confusing, especially if you don’t understand the reason behind it. However, it’s vital to review each W-2 carefully and ensure that the information is correct. Consulting with a tax professional or the IRS can help you navigate potential tax issues. Remember that understanding the circumstances leading to multiple W-2s will help ensure accurate tax reporting and minimize potential errors.
