In this informative episode of Dr. Friday Tax Tips – One Minute Moment, Dr. Friday, a seasoned tax expert and president of Dr. Friday’s Tax and Financial firm, delves into the complexities of dealing with errors on tax forms. Whether you’re facing inaccuracies in 1099s or W-2 forms as an employee or employer, Dr. Friday provides clear guidance on how to navigate these challenging situations. She explains the steps to take if you find mistakes in your tax documents, such as incorrect income amounts, wrong categories on 1099Rs, or errors in W-2 forms like address, name, or social security numbers. Additionally, Dr. Friday offers solutions for instances where contacting the employer isn’t an option, highlighting the specific forms that can be filed to rectify these issues. This episode is a must-listen for anyone seeking practical advice on handling tax form discrepancies and ensuring accuracy in their tax filings. For more expert tax advice, visit www.drfriday.com and tune into the Dr. Friday call-in show every Saturday afternoon on 99.7 WTN.
G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.
What happens if you’re looking at your tax forms and you just found out that there’s a mistake? Someone either 1099’d you for too much money, too little money, they have the wrong categories on your 1099Rs, you did someone’s W-2 and the information, the address, the name, the social security number is wrong. What should you be doing? If you’re the employer, it’s a pretty straight answer. You need to do an amended W-2 or 1099. But what happens if you’re the receiver? What if you can’t get a hold of the employer? Well guess what? There are forms that you can file that would correct that information if you’re unable to correct it through your employer. If you need help, go to drfriday.com.
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.