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cappottos
New Member

What happens if I don’t file a w2 this year and report it next year when I file for 2019?

 
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Hal_Al
Level 15

What happens if I don’t file a w2 this year and report it next year when I file for 2019?

What happens is;

1. You get an IRS dunning notice for 2018. You have no luck in convincing them that you should get partial credit for having reported it on your 2019 return.

2. You have to go thru the hassle of filing an amended 2019 return to get your money back.

And that's the simplified version of what happens. If the misreported income pushes you up or down the EIC curve, or changes your AGI for eligibility for other tax attributes, it gets really messy and you have to hire an accountant to figure it out or a lawyer to fight the tax fraud charges. 

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2 Replies
Hal_Al
Level 15

What happens if I don’t file a w2 this year and report it next year when I file for 2019?

What happens is;

1. You get an IRS dunning notice for 2018. You have no luck in convincing them that you should get partial credit for having reported it on your 2019 return.

2. You have to go thru the hassle of filing an amended 2019 return to get your money back.

And that's the simplified version of what happens. If the misreported income pushes you up or down the EIC curve, or changes your AGI for eligibility for other tax attributes, it gets really messy and you have to hire an accountant to figure it out or a lawyer to fight the tax fraud charges. 

What happens if I don’t file a w2 this year and report it next year when I file for 2019?

You are not allowed  to do that.  

Every  2018 W-2 that you received must be reported on your tax return, even if they are for small amounts.  Remember that each one of those W-2’s has your Social Security number on it, and that income was reported to the IRS by the employer.  You do not want to get in trouble with the IRS for under-reporting your income.

ALL of your W-2’s must be entered on the SAME tax return.  After you enter the first one, you click Add Another W-2.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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