W2 Form: Your New Employer Might Require It!
It is always a human nature to look for greener pasture. For many employees, switching a job is must especially if the pay is much higher than the previous employer. In addition, the opportunity to grow one’s career might be a good reason for switching job too. Nonetheless, if you have recently switched job or planning to get a new one, then maybe it is important that you obtain w2 from previous employer.
What is Wage and Salary Statement Form or W2.
Form W2 shows the wage and salary of the employees. It also reports various taxes and other payments such as retirement plan and health insurance taken from your wage or salary. Further, it displays the obligation of the employee to the taxes or eligibility for a tax refund. Legally, the employer will mail or give this form to the employer not later than January 31st every year and filed for tax return on time. When these are not sent or filed, legal penalties may be obtained.
Why w2 from old job is needed when you look for a new job?
The truth is, there is no law requiring employees to secure w2 from their former employers. Nonetheless, acquiring the right employee for the job would be very tricky and having the W2 form would be a method for most employers to hire the best. Furthermore, it might also be possible that employers need this form for profiling reasons.
Getting W2 from your former employer
Ask it from your previous employer
Many employers have Human Resource personnel in the company. If that is the case, then you can request W2 here and should not have any problems. After all, it would be the company or employer’s obligation. But, if it is very complicated to it in this department, then maybe the next rational thing to execute is to directly approach your employer.
2. Ask help directly from the IRS
If you did your employer or the representative and there is no action in their part, then you can contact the IRS instead. Just make sure that you can provide all the important details which may include your SS number, complete name and address, employer and employment details, and estimated wages.
Obtain the alternative form and file your tax on your own
There are plenty of cases that the employer is not able to give the W2, but it does not mean that you will not file your tax. Use the form 4852 to do this for this the form that is permitted by the IRS as a substitute for W2 form.
The W2 form is just not needed in your current job but may also be important if you are switching an employer. And if your previous employer never sent you any W2 form, then never worry for you can always file your tax return on time and you can have something to show to your new employer.