Filed without W2, employer sent it right after acceptance. $6700 unreported income. What happens now?
Just filed my taxes but need to amend because I couldn't get one W2 from my employer. Of course they sent it right after my return got accepted. The missing W2 shows $6700 in income that I didnt report. Will they flag my account or send the current refund first? What happens if I end up owing after I amend?
14 comments
Join the conversation
Gabriel Graham
You need to file that amendment ASAP. The IRS will eventually catch this through their automated matching system when they process all W2s. If you wait, you'll likely face penalties and interest on any amount you end up owing. Best to be proactive and show good faith by filing the amendment yourself.
0 coins
Alicia Stern
•how long do you think I have before they catch it? im hoping to get my refund first tbh
0 coins
Gabriel Graham
•Don't try to game the system. They'll flag it eventually and you'll end up paying way more in penalties. Just do the right thing now
0 coins
Alicia Stern
•ugh ur right. guess ill bite the bullet 😫
0 coins
Drake
hey! i was in a similar situation last year. check out taxr.ai - its this new tool that analyzes your transcript and tells you exactly what to expect. it costs $1 but totally worth it to know what ur dealing with https://taxr.ai
0 coins
Sarah Jones
•Does it actually work? Seems too good to be true
0 coins
Drake
•100% works! It showed me exactly when my amended return would process and what penalties to expect. saved me so much stress
0 coins
Sebastian Scott
The IRS gonna come for that money one way or another my friend 🤡
0 coins
Emily Sanjay
I'm literally in the same boat rn. Following to see what others say
0 coins
Jordan Walker
Missing income is a big red flag for the IRS computers. They match all W2s against returns and will definitely catch this. You might get the current refund but they'll adjust it later and send you a bill with interest.
0 coins
Alicia Stern
•do you know how much the interest usually is?
0 coins
Jordan Walker
•Depends how long u wait but its like 3-5% per year plus penalties can be another 20% of what u owe
0 coins
Natalie Adams
Just wait till they catch it then deal with it later lol
0 coins
Elijah O'Reilly
•worst advice ever bro 💀
0 coins