Fly-By-Night (P.O. Box 1234, Dallas, TX 75221, EIN 12-9876543) paid George Smith, an employee who lives at

Question:

Fly-By-Night (P.O. Box 1234, Dallas, TX 75221, EIN 12-9876543) paid George Smith, an employee who lives at 432 Second Street, Garland, TX 75040, wages of $25,400. Based on George’s final 2018 pay stub, the income tax withholding amounted to $5,380 and the FICA tax was $1,943.10 ($1,574.80 for Social Security and $368.30 for Medicare). George’s FICA wages were the same as the total wages, and his Social Security number is 466-47-3313. Fly-By-Night’s owner, a shady character, took off to South America with all the firm’s funds, and did not file the required Forms W-2, etc., for George (and other employees). The above numbers are taken from the year-to date section of George’s last pay stub. Use the Form 4852 on Pages 9-47 and 9-48 to prepare a substitute Form W-2 for George. 

4852 Substitute for Form W-2, Wage and Tax Statement, or Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAS, Insurance Contracts, etc. Form Per. September 2017 OMB No. 1545-0074 Departmant of the Troasury Intemal Revenue Service Attach to Fom 1040, 1040A, 1040-EZ, or 1040X. Go to www.irs.gov/Form4852 tor

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

Question Posted: