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Get your taxes done using TurboTax
If you filed a tax return last year without all of your W-2's on the SAME Form 1040 then you messed up and filed incorrectly. TurboTax never knows if you have entered all of your income, so the software let you make that mistake. Did you ever fix it by amending your return and adding that unreported income? If you did not ---then you need to amend your 2019 return before you get a letter from the IRS.
Employers have until February 1 to issue your 2020 W-2's. Do NOT try to file until you have all of your income to enter into the tax forms. 2020 is not even over yet. You cannot file a 2020 tax return until later in January 2021.
Please be careful about being in too much of a hurry to file your next tax return. Many tax forms are not available at the very beginning of the tax season, so you have to wait for your forms. The software still needs updates at the beginning of the tax season.
Although the software will allow you to e-file in early January, the IRS does not begin to accept the e-files until almost the end of the month. So your return just sits on the server. If you realize that you made a mistake or left something out—as many people do—you cannot change it.
Every year we see people who are in such a rush to file that they file incorrectly and incompletely. If you file too early and leave out a W-2 or a 1099, or forget to enter information, you will end up having to amend your tax return---and that takes months. Employers have until the end of January to issue W-2's----and ALL of your 2020 W-2's have to be on the same tax return. Many of the 1099's and 1098's you need do not arrive until late January or sometime in February. If you are getting Earned Income Credit or Additional Child Tax Credit, the IRS is going to hold your refund until the end of February no matter how early you file. There seems to be a greater chance of "early" returns being reviewed and those refunds are delayed, or early returns are more often subject to identity verification--which will also delay processing. Filing too early may just be a recipe for a delayed refund. It might go more smoothly for you if you wait until at least mid-February to file instead of e-filing during the first minute that you can do it.
Related Information:
· What does it mean to "amend" a return?
· Do I Need to Amend my Tax Return?
· Will amending delay my original tax refund?
· What is the deadline for filing an amended return?
· Can I e-file my 1040X to amend my return?