Companies have until 28, the last working day of February, to send the 2021 Income Report to employees. Banks and stockbrokers also have until the end of the month to submit the document related to income from financial investments.
Reports are necessary to complete an advertisement Income tax 2022. The data is used for Federal Revenue to review information, to see how much you have paid in tax over the past year and to check whether there has been evasion.
Businesses and financial institutions do not necessarily need to mail documents. These can be emailed or made available for online or app consultation, which is more common.
If you have a checking account or investments in more than one bank or brokerage firm, you should obtain information from all the institutions where you have funds.
The same goes for companies. If you have worked in two or more different places in the past year, you will need to have the income document that you get from each company.
What is the earnings report?
Income report is one of the documents used to file a declaration Income tax.
The document, which is also provided by companies to their employees, shows the amounts received by the taxpayer in the year, the amount paid by him in tax at the source and the amount of the contribution to the INSS. It may also include group health plan expenses and contributions to a company pension plan.
In the income report issued by banks and brokers, there is data on checking accounts, savings, private retirement or any type of investment made by the taxpayer. All year’s income must be filed with the IRS.
Pensioners and retirees must obtain a document from INSS
Retirees and retirees from INSS (National Institute for Social Security) must have proof of their earnings in the past year.
The excerpt can be viewed online. Just go to the page My INSS. A password is required to access the system. If you don’t already have it, follow the steps on the website to get your password. It is also possible to make the query through the Meu INSS app, available for mobile phones with Android And the iOS.
The report did not arrive. what should be done?
If the report was not made available by any means until the beginning of March, the taxpayer must contact the human resources of the company or the director of the financial institution that failed to issue the document.
If the document is not delivered, the problem must be reported to the IRS.
If there are errors, ask to correct the report.
If the receipt contains incorrect information, such as wages that have not been paid or credited in the past year, or taxable and exempt income calculated together, the person must request a new, corrected document before filing the return.
If the corrected document does not arrive before the deadline for submitting the declaration, submit IR 2022 within the deadline with the incorrect numbers and then make a correction declaration.
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