I filed the wrong W2, What should I do???

Question

I filed my taxes with H&R block online, and I filed the wrong w2. I called H&R block and they told me that the IRS has accepted my w2 and I have nothing to worry about. I then called the IRS because I wanted to file the correct W2, and they told me that I would have to wait until they process my file. If they process the wrong w2, I will have a refund that is much larger then I should be getting. The IRS web page says that there is a “Delay in processing” but with no reference code. Does this mean they found the error and I will be able to correct it before they hit me with fines and penalties? OR Will they give me the higher refund, and then I send them back the difference? It has been 4 weeks since I filed, and they say that the “expected date of the refund is May 15” but I can do nothing until then. Does anyone know where I should go from here? Thanks

Answer 1

It would appear that your return has been stopped for review. It is difficult to tell what that may involve. Normally at this stage of the process the IRS would not have the ability to determine that you have used incorrect W-2 information. I would think that the refund should come to you based on this incorrect information and you will need to file an amendment to correct the problem. Don't cash the check and return it with your amendment. Do this as soon as you get the refund.
It would be my "guess" that there is some other issue that has caused the delay. It could be nothing of concern. If you have had issues in the past that would be a greater likely-hood.

Answer 2

Don't cash the check when you receive it. File a form 1040X (amended return) and the relevant state form. Send the check, the amended return, and a cover letter explaining what you are doing. If you can, it might be easier for you to go to a local IRS office with the check and amended return. If you are supposed to get your refund via direct deposit, contact the IRS now! If you cash the check or accept the direct deposit, you will have to pay the IRS interest and possibly penalties.

Next year, you should consider have a tax pro prepare your return.