I received a W-2C for tax year 2020. Can I file this with my 2022 taxes?

marl911554 · ‎February 11, 2023

SteamTrain · ‎February 11, 2023

NO, you cannot. It would have to be entered on a 2020 Amended tax return.

BUT...what exactly changed?

Certain items that were changed or updated do not require that you do anything with it , other than store it with your 2020 tax file records.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

marl911554 · ‎February 13, 2023

Thank you for your response. My employer also confirmed that I don't need to do anything.

JohnB5677 · ‎February 14, 2023

If the change is minimal, or if it doesn't affect your overall income, you do not have to file an amended tax return.

If the IRS determines that you did owe additional Income Tax, they will send you a letter outlining the change that they observed and a proposed amount of additional tax. If you disagree you can challenge their calculation. If you agree, you can simply pay the proposed amount. This process will take several months.

For individual tax returns the IRS considers a substantial understatement of tax applies if you understate your tax liability by 10% of the tax required to be shown on your tax return or $5,000, whichever is greater. These conditions will result in a tax penalty in addition to the Income Tax you owe.

Substantial Understatement of Income Tax Penalty

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