Gov't W-2 Box 14 K & V

[cred65]

TP (low level analyst) receives W-2 from Defense Finance & Actg. Serv. with box 14 K "Tax on excess golden parachute payments" & V "Income from exercise of nonstatutory stock option". 

What am I missing here.  Have the gov't employees become Capitalistic Pigs?

TIA

[Lynn EA USTCP in Louisiana]

What are the dollar amounts for each code?  Ask to see the client's final paycheck stub; it may yield better information that those codes (which I presume you suspect are in error).

 

[cred65]

25 minutes ago, lynn EA in Louisiana said:

What are the dollar amounts for each code?  Ask to see the client's final paycheck stub; it may yield better information that those codes (which I presume you suspect are in error).

 

K= $529, V= $2451.  The software also sends the $529 to Line 62 (c) as additional tax.

[Margaret CPA in OH]

My client with the same employer shows that Box 14 K is Pretax Vision and Dental Deduction and V is Pretax FEHB Incentive.  Don't you have the list of codes with the W-2?

[cred65]

My bad!!  I was using codes for Box 12.

Thanks.

. 

[Catherine]

12 minutes ago, cred65 said:

My bad!!  I was using codes for Box 12.

Thanks.

. 

I think we've all done that and just caught ourselves before posting.  Maybe even writing the post - but not submitting it.  Do I speak of myself?  Nah!  (well maybe)