Level 4

Solved

w2 from dealership car was purchased

Forum|Forum|3 years ago
March 6, 2023
7 replies
30 views

Does anyone know why my client would receive a W2 from a car dealership where he bought his car from?

Lacerte Tax

This topic has been closed for replies.

Best answer by TaxGuyBill

Did the client work for the dealership? If so, did he get the vehicle at a reduced rate because of working there?

TaxGuyBillAnswer

Level 15

Did the client work for the dealership? If so, did he get the vehicle at a reduced rate because of working there?

Level 4

No. Client never worked at the dealership. He just purchased a car from them

Level 7

IF THEY ARE THAT SLOPPY WITH THEIR PAPERWORK I hate to think what kind of services they are going to provide for the car,

Level 15

Did your client finance the car thru the dealership? If so, 'they' have a lot of personal info so consider identity theft.

First step should be for your client to CALL the dealership & ask "WTH" is going on.

HumanKind... Be Both

Level 4

Thank you

ill have to ask. I will have him call

Level 15

Keep us posted.... I really hope it is just a clerical error by the dealership.

HumanKind... Be Both

Level 15

Out of curiosity, how much was the W-2 for and were there any information boxes filled in?

Slava Ukraini!

Level 4

$252.90

ss, Medicare, and Sdi are withheld

Level 4

Client said dealership is now closed.

Level 15

And you are sure it's a W-2, not a F 1099-NEC or MISC (I'm thinking SPIFF possibility) altho that shouldn't apply to just a random buyer.

Does your client remember giving the dealership their SSN ?

HumanKind... Be Both

Level 15

So, after all that, your client DID work for the dealership ????????????????????

HumanKind... Be Both

Level 4

No he didn’t work for them,

he bought a car from them

Level 15

So why did you mark it solved ?

HumanKind... Be Both

Level 12

Employees in accounting/finance departments of established dealerships are paid quite well. They also like to issue a lot of forms, like 1099 misc/nec forms. Therefore I would think that an error like this would not occur, if that is what it is. Could be an honest mistake, but who knows.

Level 15

I missed the part about this being an "established dealership." I just saw where the taxpayer said it went out of business.

Level 12

@BobKamman no they did not say that. I was just saying that as part of my post. Probably wasn't an established dealership or they wouldn't have went out of business. But who knows. Established dealership owners usually sell to other established dealerships or another businessman when they want to get out of the business. They usually don't close.

Level 6

This is the type of question that piques the interest of some of us. It's as good as a "who done it" story.

I'm curious if the number on the W-2 ties to any of the entries on the purchase documents for the vehicle.

Let's not forget the years that Pacific Power issued W-2s to their retired employees for the the discount they receive on their power bills as a retirement benefit. They got their hand slapped and it took me a couple of cases to figure out we wouldn't be getting those W-2s for 2022.