Forgot To Claim W-2

[Toryn]

s About Taxes)/Forgot to Claim w-2 Advertisement Expert: James G Rogers CPA - 2/10/2009 what is the effect of not claiming $2,500 gross of $9,500 total($7,000 claimed) and $55 fed of $100 total($50 claimed) from 2 forgotten w-2. Should I amend and why? Thanks.

[Odwolfe]

Dear Brand,

By law, you MUST amend your tax return to report the missing income---and, perhaps, the withholding that will help mitigate the resulting increase in tax liability.

The correct federal form to use is Form 1040X.  Here's the URL from the IRS' Web site for this form:http://www.irs.gov/pub/irs-pdf/f1040x.pdf

Here's the URL for the instructions to Form 1040X:http://www.irs.gov/pub/irs-pdf/i1040x.pdf

Brand, I hope the above is helpful.

Sincerely,

James Rogers CPA