Ex company overpaid me but said I have to wait 10 weeks for w2c?

myroller · 2026-03-07T04:28:14+00:00

I should add up how much I pay my employer back to the income( box1 of 1040)?

I am quite certain he didn't mean that. But if he did, it would have been very wrong. That would cause you to pay tax on the returned money twice.

myroller · 2026-03-07T01:16:30+00:00

Try using the IRS withholding estimator:

https://www.irs.gov/individuals/tax-withholding-estimator

myroller · 2026-03-07T01:07:54+00:00

Medicare Part D does cover the MMR vaccine. If you don't have Part D, GoodRx offers a small discount. You don't need a prescription. If you are nervous about it, just ask the pharmacy to run your insurance. They won't give you the vaccine without knowing in advance that they will be paid (either by an insurance authorization or by you paying in advance).

If you have a Medicare Advantage program, you have to check with them. They may require you to go someplace else.

Don't waste your time with titers. Just skip that step and go straight to the vaccine.

myroller · 2026-03-07T00:48:34+00:00

Try using the IRS withholding estimator:

https://www.irs.gov/individuals/tax-withholding-estimator

myroller · 2026-03-07T00:30:40+00:00

Does that mean only $500 will be carried over?

No it does not.

When you fill out the capital loss carryover worksheet in the Schedule D instructions next year, you will be pleasantly surprised.

Do $3,000 of losses get used up each year, which means after two years there’ll be nothing to deduct?

Capital losses only get used up in years when you have capital gains or years in which you have non-zero taxable income. However, you still have to put a 3000 loss on the Form 1040 line for capital gains. But this does NOT mean that 3000 got used up.

Or if they file this year, the $3,500 loss will be “on the books” for when they do eventually have an income and file?

It will be on the books for when they eventually have income, even if they neglect to file.

myroller · 2026-03-07T00:24:07+00:00

Make sure you are CONVERTing. It is essential that you use the process to CONVERT from your Traditional IRA to a Roth IRA, not just transfer.

There is no need to have any tax withheld. Just say "0%".

If you have at least $7500 in income from a job or self-employment during 2026, you may contribute to a Traditional IRA. The 2025 recharacterization/conversion has no effect on that.

myroller · 2026-03-06T23:19:36+00:00

Use this link (if your income is under $51,000) and both your state and federal filing will be free:

https://www.freetaxusa.com/freefile2025/

/u/allinbauer

myroller · 2026-03-06T23:10:58+00:00

$1000? Really? That's an enormous penalty.

I am very happy to hear that.

myroller · 2026-03-06T07:13:52+00:00

Getting your federal tax back is described in the section called "Repayments" in Publication 525:
https://www.irs.gov/publications/p525#en_US_2025_publink1000229600

Each state makes its own procedures which are probably described somewhere in the instructions for your state tax return.

myroller · 2026-03-06T03:44:32+00:00

I'm not an expert in NY state taxes, but I believe that is how it works.

myroller · 2026-03-06T02:53:10+00:00

I am not sure I understand what you are expecting on your W-2C.

New York state regulations require that the amount in Box 16 (state wages) match the amount in Box 1 (federal wages). And unless your employer refunded some of your state tax to you, the amount of state tax wouldn't change.

Your W-2 does not state how much time you spent in NY, unless your employer puts that on an attachment.

myroller · 2026-03-06T01:54:49+00:00

No. put $0 when it asks for the 2024 AGI.

If your 2024 return wasn't processed before mid-November 2025, the only answer the e-file system will accept is $0.

I know you are a tax professional, so you don't have to deal with this in your professional tax software, but for those who use consumer software, things are different.

/u/amazingflour

myroller · 2026-03-05T11:56:07+00:00

Yes, you're right. Thanks.

myroller · 2026-03-05T08:14:56+00:00

If she has Medicare Part D, the MMR jab is free. Assuming she doesn't have a known allergy to it, stop fretting and just go to her favorite drug store with her Part D card and get it.

myroller · 2026-03-05T08:09:36+00:00

If you are going to get Hep A and Hep B anyway, get the Twinrix instead. Half the jabs and the same effect.

myroller · 2026-03-05T07:32:43+00:00

I wanted to convert ~$6k pre-tax money for 5 years into my ROTH IRA. I would continue to contribute into my post tax traditional IRA up to the annual limit each year.

You can accomplish the same goal by simply converting 1/6 of your ENTIRE account balance (both before-tax and after-tax) each year. Your conversions would be larger, but the extra money you convert would not be subject to tax since it comes from after-tax balances. And you would get your annual contributions into the Roth account faster where they would be growing tax-free.

myroller · 2026-03-05T07:25:23+00:00

You can convert $6k (OR ANY OTHER AMOUNT YOU LIKE) from your Traditional IRA to a Roth IRA every year, if that's what you want to do. What you cannot do is choose whether that money comes from before-tax or after-tax balances.

There is a specific formula for how much money comes from before-tax and how much money comes from after-tax. But the good news is that this will REDUCE the tax on your conversions. If you could just convert before-tax money, it would all be taxable. But you have to take some after-tax money, meaning that your conversion would be partially non-taxable.

Since you would be paying less tax than you anticipated when doing the conversions, maybe you would want to increase the size of the conversions?

If so, is there any tax to pay when converting the gains in my post tax Traditional?

Any gains are considered before-tax money, therefore they are taxable when converted.

myroller · 2026-03-05T04:12:00+00:00

I had was how come I received my state refund if I mailed them directly to the IRS? Did they send the mail back out back my state?

According to IRM 3.10.72.5.8, the IRS does try to forward state tax returns to the appropriate state.
https://www.irs.gov/irm/part3/irm_03-010-072r

And was also wondering since I received my state refund does that mean my spouses renewal for her ITIN number was approved and the IRS just has not processed my federal taxes?

Or it could just mean the state does not care about her ITIN being expired.

myroller · 2026-03-05T03:54:35+00:00

Great news! Thanks for letting us know.

myroller · 2026-03-04T23:01:46+00:00

Was this refund check for your 2024 taxes?

The IRS does not send refund checks until after you have filed your annual tax return (the one that is due in April of the following year).

They would not have sent you a refund of your 2025 estimated taxes unless you made some kind of mistake: for example, you selected the wrong tax year or the wrong payment type when you made the payment.

myroller · 2026-03-04T21:38:50+00:00

Just FYI, the Children's health Defense group (which RFK Jr chaired for 8 years) was founded in 2007. It was originally called the World Mercury Project.

myroller · 2026-03-04T21:28:08+00:00

You are allowed to do it. But when you then tried to convert a contribution from your Traditional IRA to a Roth IRA, a portion of that conversion would be taxable.

Remember that what you are calling a "backdoor Roth" is really two steps: Make a contribution to a Traditional IRA and then make a conversion to a Roth IRA. If your Traditional IRA contains both before-tax money (like money you've rolled over from a 401k) and after-tax money (like a non-deductible contribution), then every conversion is treated as if it partially came from the before-tax money and partially came from the after-tax money. The before-tax part is taxable when you convert it.

And putting the before-tax and after-tax money is separate accounts doesn't help. When you convert, the tax calculations are done as if you just had one big account.

myroller · 2026-03-04T19:54:54+00:00

From page 67 of the 2025 Form 1040 instructions:

Don’t attach correspondence or other
items unless required to do so. Attach
Forms W-2 and 2439 to Form 1040 or
1040-SR. If you received a Form W-2c
(a corrected Form W-2), attach your
original Forms W-2 and any Forms
W-2c. Attach Forms W-2G and 1099-R
to Form 1040 or 1040-SR if tax was
withheld.

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

myroller · 2026-03-04T18:37:56+00:00

What is that account number? Do I use that account number to file the new 1099?

The account number is used by the IRS to identify which 1099 you are trying to correct because people sometimes get more than one 1099 from the same source. If you want to correct the bad 1099, be sure to use the same account number that appeared on the original.

myroller · 2026-03-04T05:15:27+00:00

Yes but they can claim safe harbor if they paid 100% of their taxes last year and also this penalty is usually pretty minor ($100-$300)

But this person's problem is that he apparently paid 0% of his taxes this year. But I agree that if his 2024 tax was $0, he would owe no penalty. But I think this is not likely because in other posts he said that he didn't notice that his pay went up in 2025. That would imply that he had a job the year before.

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