1622344
Hello
I filed 2018 tax return in Feb. 2019.
I got an IRS audit letter for my 2018 tax return in Oct. 2019. Now It's still on process.
A few days ago, I checked IRS tax transcripts. I discovered that my employer filed w-2 incorrected. When I originally received w-2, I found that my income was incorrect so I asked them to correct my w-2. Then my employer's CPA emailed me corrected w-2. And I filed 2018 tax return with that corrected w-2. However, I found that my income was wrong on my IRS Transcript (wage and income). In other words, my employer filed old w-2 to IRS. I guess that it made my audit begin. I've already submitted all documents to IRS examination in Nov. last year, although I am still waiting for their notice. So I have some questions.
1. How can I or employer fix incorrect income on IRS transcript? I reported employer already. Employer's CPA said that he would send w-2c to IRS and Social office. Is that enough? How long does it take to fix the problem?
2. For my audit process, should I send any documents for this issue to IRS examination? If so, what documents should I send them? I am just worried it can cause the audit process longer.
I have been so stressed out since last year. SO Frustrating...
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#1) You cannot fix an incorrect transcript and the IRS probably will not change it either. Transcripts are automatic computer generated form the tax returns that you file. Again that is a question that only the IRS could answer.
#2) Your audit letter should tell you how to dispute it ans what documentation to send. Always send additional documents to the address that they give you on that letter and always write the case number on all documentation. The letter should also have a number to call for more information.
Keep in mind that almost all manual IRS operations were suspended about 10 weeks ago because of CAVID-19 and they are just starting to work again but have huge backups to catch up on so expect long delays.
If you have been provided a corrected form W-2 by your employer's CPA, you have filed correctly if you used that corrected form. It is your employer's responsibility to file the corrected form W-2 with the Social Security Administration and the IRS would have access to that corrected form.
If you have provided the IRS with a copy of the corrected form W-2 that you received, there is nothing more to do from your side to explain the difference between your tax return and what the IRS has.
The process takes much longer during these Covid-19 times, sp please be patient.
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