Nothing in life is certain except...
RANT
So, back in 2007 I worked for company A. Company A got acquired by company B in April 2007. They took over payroll, etc and company A ceased to exist. Company B submitted W2's to the IRS for the entire tax year of 2007 to include all income and taxes from both company A and company B payroll. However, at the same time, the 3rd party payroll vendor that had been doing payroll for company A also submitted statements to the IRS (but not to employees) stating the income from January-April 2007. Can you see where I'm going with this?
When I (and many others who were part of the company A/ company B acquisition)filed my 2008 taxes the IRS flagged me for underpayment of my 2007 taxes and sent me a nasty letter. Fortunately, company B was made aware of the situation before I actually received my IRS letter and sent out an internal communication about it, so I knew what to expect. The 3rd party vendor has submitted a correction to the IRS which in theory will make this problem go away. But still, I have to send stuff in to the IRS and just trust that it will all be fine. Because if it's not, I can expect a big nasty tax bill sometime after April 22 of this year. Lovely!
END RANT
So, back in 2007 I worked for company A. Company A got acquired by company B in April 2007. They took over payroll, etc and company A ceased to exist. Company B submitted W2's to the IRS for the entire tax year of 2007 to include all income and taxes from both company A and company B payroll. However, at the same time, the 3rd party payroll vendor that had been doing payroll for company A also submitted statements to the IRS (but not to employees) stating the income from January-April 2007. Can you see where I'm going with this?
When I (and many others who were part of the company A/ company B acquisition)filed my 2008 taxes the IRS flagged me for underpayment of my 2007 taxes and sent me a nasty letter. Fortunately, company B was made aware of the situation before I actually received my IRS letter and sent out an internal communication about it, so I knew what to expect. The 3rd party vendor has submitted a correction to the IRS which in theory will make this problem go away. But still, I have to send stuff in to the IRS and just trust that it will all be fine. Because if it's not, I can expect a big nasty tax bill sometime after April 22 of this year. Lovely!
END RANT