1099 form came in last week

[yankmenoodle]

I'm not a CPA but it looks like my last years 401K donation was all counted as income. I hope I'm looking at it incorrectly.

 

[Oler Ted]

I'm not a CPA but it looks like my last years 401K donation was all counted as income. I hope I'm looking at it incorrectly.

There is an accountant on here, he’s a Texas tech guy can’t remember his name

 

[Oler Ted]

@thenick_ttu

 

[thenick_ttu]

There is an accountant on here, he’s a Texas tech guy can’t remember his name

Yep I’m a CPA and tax guy. The final pay stub you received for 2021 should have all the year to date details of your income and before tax/after tax deductions. The format can vary widely so I can’t tell you exactly what to look for but there should be a box for “taxable wages” or something similar. Those numbers should line up with with the W-2 you received. If you’re still not sure, I’d be happy to take a quick look at your documents (block out your relevant personal info obviously). We can proceed via DM or email if you’d like.

 

[Oler Ted]

Yep I’m a CPA and tax guy. The final pay stub you received for 2021 should have all the year to date details of your income and before tax/after tax deductions. The format can vary widely so I can’t tell you exactly what to look for but there should be a box for “taxable wages” or something similar. Those numbers should line up with with the W-2 you received. If you’re still not sure, I’d be happy to take a quick look at your documents (block out your relevant personal info obviously). We can proceed via DM or email if you’d like.

@yankmenoodle

 

[thenick_ttu]

Just realized you said 1099. Those are usually sent to independent contractors who are not employees. Your 401k contributions would not have gone through the company. They would normally be done “outside” of the company.

 

[thenick_ttu]

I'm not a CPA but it looks like my last years 401K donation was all counted as income. I hope I'm looking at it incorrectly.

Send me a DM with some more details and we can get this straightened out.

 

[Oler Ted]

Send me a DM with some more details and we can get this straightened out.

Frens helping frens

 

[ChicagoFats]

Yep I’m a CPA and tax guy. The final pay stub you received for 2021 should have all the year to date details of your income and before tax/after tax deductions. The format can vary widely so I can’t tell you exactly what to look for but there should be a box for “taxable wages” or something similar. Those numbers should line up with with the W-2 you received. If you’re still not sure, I’d be happy to take a quick look at your documents (block out your relevant personal info obviously). We can proceed via DM or email if you’d like.

Do most CPA's specialize or can you do any type of tax?