turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mcwood01
New Member

Can I amend a return when income was incorrectly documented on a 1099 instead of my W-2?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

5 Replies

Can I amend a return when income was incorrectly documented on a 1099 instead of my W-2?

Possibly.  Why do you think your income was reported wrong?  Please give more details.
mcwood01
New Member

Can I amend a return when income was incorrectly documented on a 1099 instead of my W-2?

1099 wages are for the exact same duties as the W2 wages. Using IRS 20 question criteria, all wages meet W2 standards, and in no way can be classified as independent contractor work.

Can I amend a return when income was incorrectly documented on a 1099 instead of my W-2?

You got both a 1099-MISC and a W-2 from the same employer?  For which year?  What is your line of work?
mcwood01
New Member

Can I amend a return when income was incorrectly documented on a 1099 instead of my W-2?

Yes, 1099 & W2, same employer for 2016. Line of work is firefighting.

Can I amend a return when income was incorrectly documented on a 1099 instead of my W-2?

Generally, if you are a W-2 employee, all your compensation should be reported on your W-2.  (The only exceptions I know of are car salespersons who get 1099-MISC forms for "spiffs" from the manufacturer, and some real estate agents who take a draw from their agency but also get paid a commission.)

When you add the 1099-MISC, there is a page for "special circumstances" ---  one of the check boxes is "I received this 1099 from my employer but it should have been included on my W-2."

If you amend and check that box, Turbotax will prepare a substitute W-2 form, and you will pay the employee share of social security and medicare tax (7.65%) instead of 15% self employment tax.  However, if you deducted any business expenses on your schedule C to reduce your net income, you will also lose the benefit of those deductions.  Amended returns can take 4-6 months to process and the IRS may investigate your employer to determine why you recieved both a 1099 and a W-2.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question