Final Batch of W-2s Shipped by January 31 Ways to Obtain Form W-2 Copies, Including Online and at Jackson Hewitt Locations
PARSIPPANY, N.J., Jan. 29 // PRNewswire-FirstCall // -- Millions of Form W-2 wage statements will be arriving in mailboxes between now and early February, a sign to consumers that now is the time to start thinking about taxes. Employers must mail Form W-2s no later than January 31, making this the ideal time to schedule a meeting with a local tax preparer to prepare and file your 2007 individual income tax return.
"The arrival of W-2 forms is a signal to consumers to get serious about the filing process," said Mark Steber, Vice President of Tax Resources, Jackson Hewitt Tax Service. "Now is the time to act, especially if you are among the 75 percent of tax filers who typically receive an income tax refund each year.* In fact, over 50 million people will file by the end of February, according to the IRS, so it's wise to get started now so that you can receive your refund."
What Taxpayers Should Look For When Receiving W-2s
Jackson Hewitt also reminds consumers to review their Form W-2 for accuracy, verifying that the reported earnings on the statement match year-end pay stubs and that other important information is correct. Consumers should also ensure that they receive forms from every employer for whom they worked in 2007 -- even if it was only for one day.
"Contact your employer right away if you have not received your W-2s by early February, or if you discover mistakes concerning any key information such as your name, social security number, income or withholdings," adds Steber. "If you don't want to wait, you may also be able to access this information without having a W-2 form in hand, through Jackson Hewitt's electronic W-2 download service. With this feature, there is no need to receive W-2s through the mail. Any of our knowledgeable tax preparers can help you explore this option."
Easy Access to Information Through Electronic Downloading
Many taxpayers are prompted to think about getting ready to file a tax return when they receive their W-2 in the mail; this is the first item needed to prepare an income tax return. Other items to bring to a tax preparation appointment may include a social security card, a driver's license, information on education expenses, medical and dental expenses, records of cash and non-cash charitable donations and more. Jackson Hewitt provides a list of the documents needed as part of its online 'Tax Filing Frequently Asked Questions (FAQ's)', available by going to http://www.jacksonhewitt.com.
In addition to electronic W-2 downloading, Jackson Hewitt offers electronic filing (IRS e-file), free of charge to its tax preparation customers. There are several benefits to e-filing a return, including increased accuracy, speed and a confirmation of receipt by the IRS.
The Jackson Hewitt Web site also features updates on the latest tax law changes and information on the most commonly overlooked deductions and credits, as well as other helpful resources. Consumers can review this information or search for a nearby Jackson Hewitt office by clicking on http://www.jacksonhewitt.com.
* IRS 2007 Filing Season Statistics Table 13 (http://www.irs.gov/pub/irs-soi/06ifss13.xls)
About Jackson Hewitt Tax Service Inc.
Jackson Hewitt Tax Service Inc. (NYSE: JTX), is an industry leader providing full service individual federal and state income tax preparation. Most offices are independently owned and operated. The Company is based in Parsippany, New Jersey. More information may be obtained at http://www.jacksonhewitt.com. To locate the Jackson Hewitt Tax Service(R) office nearest to you, call 1-800-234-1040.