Taxes Questions and Answers

What happen to a employer if they dont transport your W2 out by Jan. 31st?

I am aware you are to contact the IRS by Feb. 14th, but what if anything happens to the employer? I know at hand are still a few days for me to wait, but it is a costic employer> I am simply curious.


Answers: I'm sure they could get fined. But surrounded by reality, nil happens to them.

If you or I broke the statute we'll go to prison. If a immense company breaks the law, nought happens.

Good luck.
There are no fines or penalty for not sending w-2 forms. The form that employers submit to IRS is a 944 and 941. There is a tardy filing allowance for those forms. The employer is supposed to make the w-2 forms available to you but they do not own to mail them. The style the IRS see's it, you should also be keeping a record of how much you fashion.

Will i catch my w2?

i had so tons jobs olden times year and i also moved. i changed my address at the post office. i be wondering will i get my w2 since i changed my address at the post department? will they take transcribe and put the new address sticker on the w2 and transport it to the right address? im so worried my w2 wont make it to the right address!


Answers: Mail forwarding is well-mannered for one year, but it's not perfect. If you don't receive it by February 10th or so, it is your responsibility to contact the employer and enlighten them your new address.
you can other contact the employee for the w2s you do not receive. If they read the data to you - you can enter the data into the w2 form on turbo excise or some other tax software program.

What is gross profit?




Answers: Total Sales
(dollars x units sold)


Don't hate on oil companies. Free-market capitalism is the way. If you don't like it, try living without it for very long. After all, the hippies have to buy their bandanas from somewhere.
If a business accidently flushes their money down the toilet any money that is recovered is considered gross profit. Most restaurants have a net over their sewer systems. If the money falls into the net before the money, that the careless employee dropped , goes into the sewer then it is called net profit.

I have been waiting for those who complain about oil companies to set up their own oil company and sell me gasoline at $1.00 a gallon.
Gross profit is Total Sales minus Cost of Goods Sold.

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