ZERO WAGES, ZERO RETURN.
.
This is where a taxpayer attaches a Form 4852 (Substitute
Form W-2) or a corrected Form 1099 that shows zero or
little wages or other income. The taxpayer might also
include a statement indicating he/she is rebutting the
information submitted to the IRS by the payer. Think a long
time about this one.
.
An employer or company says that they
paid you X dollars and you say NO they didn”t or you say
that the money was not really taxable. Either way, whom
would you believe?
.
In a twist on this scheme, filers enter zero income but
report their withholding as normal. The hope is to receive
a full refund for withholdings against NO income.
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Tags: form4852, wages, taxstatement, form 4852, 4852form