Filed Statutory Employee by mistake

[Tdb0202]

Update. 

I have not filed an amended return.  Today was my 21 day point. Have not received my refund. It was never even approved.  But now when I go to check the website it says “ we are sorry but your refund has been delayed past the normal time “.  

does this mean they are fixing it and sending me correct return.  Does this mean I need to file an amended return. 

No clue what’s going on or what to do. Any and all info would be helpful 

[VolvoGirl]

Did you print out your return to see if you can tell where the extra 7,000 refund came from or if 14,000 looks right?   What lines don't you understand?

[Tdb0202]

So only like I can think of is line 13. I file single and none and withhold at highest rate. I had the standard deduction of $12,500 or whatever it is. I don’t own a house or rent. ( live with family ). I drive a company car. 

line 13 has a 24,000 number that says it comes from the 8995 form. Which that form only generated bc I accidentally claimed to be a statutory employee.  

I did not file a schedule C form tho.   That’s the only things I can tell. 

[ThomasM125]

Form 8995 is for a deduction associated with business income. Since you are salaried employed, you would not normally be entitled to that deduction, unless you had investments in businesses. So, you will have to amend your return if the IRS does not adjust it for you. You should wait until you receive your refund before you do an amended return since you need to be sure how the IRS handled your original return.

[Tdb0202]

Ok is there a reason it hasn’t been accepted yet or now it’s saying delayed.   Any idea how long something like this takes ? Will it still be direct deposited ? Or will I have to wait 5-6 months for a paper check etc.  

thank you all for any info 

[AliciaP1]

It is likely saying "delayed" now because the IRS is analyzing your return to the W-2 your company filed.  If the IRS adjusts your return for you and you still qualify for a refund and you requested direct deposit on your returns for this year, it will be direct deposited.  There's no way to pinpoint how long the delay will be or how long the IRS will review your return.

[Tdb0202]

So as of today my refund has been approved.  It was approved for the full 14k amount.   If they were going to adjust it, would WHERES my refund show that or make note of that ?  Or will they deposit a diff amount regardless 

[DianeW777]

You should be prepared to amend your tax return when the forms become available.  It is important to allow the IRS to process your return before filing the amendment.  However, if they release the full refund to you will owe money back with interest and penalty for each day the payment is later than April 18, 2022. 

If it starts to get too close to that date, you should file the amendment and pay back any amount due based on the changes in your return assuming you do receive the full refund on your original return. The IRS can take up to two years to match your return with the W-2 they have which would cause undue hardship for you due to interest and penalty for late payment.

It's important to read all the instructions carefully so that TurboTax knows the correct starting figures and the changes.

• How to amend (change or correct) a return already filed?

[Tdb0202]

So does that mean I’ll get the full 14k? Or is there a chance it just says that on where’s my refund and the actual amount deposited will be a different amount ? 

my refund said delayed for about a week. Then 3 days ago it said it was approved and would be deposited into my bank on the 24th. So I know they reviewed it and looked at it. 

someone told me though it may say I’m getting that full amount but they may deposit a different amount. But I would think if that was the case , where’s my refund would say something. No ?

[SForrestLO]

The IRS can make adjustments to your return it is to account for the difference in what was reported on the return and what they are showing in their system. You will receive a letter from the IRS if your amount is adjusted. 

Since Turbo Tax does not see your return, you can call the IRS and speak to a tax representative about what changes they may make.

@Tdb0202