*Loan,banking and credit>>>tax advice

Need advice for a tax form please read?

hi my situation is this i used to work for a company in early 2006 i quit around mid 2006 then at the end of the year i got my tax form and it states lesser than what i made! so i tried calling them and nothing the phone was disconnected and i called my old boss's cell and she never called me back! so today finally i get the new number and adress from rip off . com and i call and talk to the person responsible for this and she told me that the company went bankrupt in december of 2006 and there was nothing they could do and she apologized. So my question is can this actually happen? and can i not do anything about it? i don't even have my check stubs anymore! what should i do! just report what i have!

If the company isn't around, there are no more records to reference. But the only reason I can think of that you would need to reflect a higher income is if you need to show your income to qualify for a loan. If this is the case, you can probably at least get copies of your bank statements to show your net take home income. Otherwise, you'd probably have to go with a stated income loan if you can't provide documentation.

For tax purposes, you'd only have to pay higher taxes if you proved you received more - so why would you want to do that? Also, Social Security is based on your highest earning years, so unless you think your highest earning years are behind you, I don't think this would be a concern either.

It seems like this would be a much bigger problem if your employer had instead overstated your income and created a huge tax liability for you - so please keep in mind that this is a relatively minor problem. Good luck to you.

it did happen,
without check stubs to prove what you made or what tax was withheld there is little you can do to prove unless your bank has copies of deposits etc or maybe the bank that your employer used, but they wouldn't give you the info.
Just file with what you have,,
That is the amount reported to the govt so report the w2 as you have it.
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Did they also under report what taxes you paid? I think I would just go with what I had if I were in your shoes. Chances are it isn't that big a difference and you have 'proof' in the W-2.
report what you have since the company no longer exist they probrably reported those figures to the IRS or if you know the the federal tax ID of the company you could contact the IRS and find out what they actually reported to them, that is what matters when you are filing.