Final answer:
Taxpayers should not e-file their income tax returns in January without the official Form W-2, even if they have their last pay stub. The Form W-2 provides necessary and accurate verification of income and taxes withheld for the IRS. Using the correct documentation ensures compliance and accuracy of tax returns.
Step-by-step explanation:
If a taxpayer is eager to e-file their tax return in January and wonders if they can do so without having received their Form W-2, it is important to note that the IRS generally discourages this practice. Taxpayers are required to file their income tax forms by mid-April each year. To accurately file these forms, taxpayers should use their Form W-2, which is essential for verifying the amount of taxes they have paid throughout the year. Even though an individual may have access to their last pay stub, which might include similar information, it is not recommended to e-file without the official Form W-2. This document issued by employers outlines the yearly income and taxes withheld and it ensures the tax return is accurate. Attempting to file with just a pay stub does not provide the official verification that the IRS requires.
It's also worth noting that when filing electronically, the Form 1040EZ is the simplest tax form and is designed for individuals with straightforward tax situations. However, even when using the Form 1040EZ, taxpayers should attach their Form W-2. The withholding of individual income taxes is usually automated and handled through payroll systems, but completing the necessary paperwork, with the correct documentation, such as the W-2, is crucial for correctly settling one's taxes with the government.