It may delay your refund by a couple of weeks. If the amount of wages, salaries, etc. entered on your tax return does not enter Box 1 of your W-2, it also won't match the amount in the IRS records. This will result in the IRS sending you a letter proposing a change to your tax return. If you agree, you won't have to do anything. The IRS will then make the adjust and send you your refund (which in your case should be a little higher than what is on your return.
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