The Tax Resources Blog

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Us Tax Check The Box

Question: We input Tax Information from our (2007) W-2 incorrectly.?

When double checking over our taxes that I ALREADY filed I noticed that we inputed one (of our 5) W-2 numbers incorrectly. I inputed the wrong box under “state Income Taxes withheld”….making a -$2,000 error. I already filed an amendment and sent in a check. Should I be worried that this is going to red flag us? We don’t make a ton of money, don’t have many deductions, and I don’t think we’ve made any other errors in the past. Just wondering if anyone else has done this?

Answer: You are too small a fish. Don’t loose any sleep. IRS agents need big bucks to make it worth the time. They need to find errors and fraud. I think a major package carrier had to pay a fine and restate earnings a couple years back for over stating the number of employees. You are below the radar.

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