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Anonymous
Anonymous asked in Business & FinanceTaxesUnited States · 1 decade ago

What if i file 2 different W2's, on 2 different tax sites, so it looks like my income is lower for big refund.

I didnt make alot last year, 3500 @ one job and 18000 @ another. I filed my w2 for the smaller income. I just received my other w2 for the bigger income, and obviously when i add that w2, my total income is higher, and i dont get all of the bigger refund. What if i file the other w2 on a seperate tax site, so it looks like my total income is smaller. I know it sounds shady, but how bad is it really.

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  • 1 decade ago
    Favorite Answer

    yeah,,,you better file a 1040x asap so that you dont wind up paying penalties and interest.

    just be honest and pay your correct tax....there are some legal tax saving stratagies, but what you are describing is not allowed.

  • 1 decade ago

    The IRS will either think you are an imbecile or you're trying to commit income tax fraud. Either thought process does not provide a happy ending.

    Besides, you're taxes are recorded by your social security number, so the SECOND return you file will get kicked back to you because your social security number has already been used once.

    Then you'll get a bill for back taxes, interest and penalties later in the year when the IRS discovers from your employers reporting your W2's that you didn't file on part of your income.

    Either way, you lose.

  • Larry
    Lv 4
    1 decade ago

    Bad idea. You filed a tax return based on your social security number, not your W2. If you file another return under the same social security number, the IRS will kick it out because they already have one.

    You need to file a 1040X (Amended Return) that includes both W2's and any other income you had last year.

  • Judy
    Lv 7
    1 decade ago

    How bad? Well, the second filing will reject, and then you'll have to file an amended return claiming all of your income which will cost you time and money. If you don't, the IRS will notify you that you didn't file properly and assess the extra tax, plus interest and penalties. Don't do it - you won't save yourself any money, you'll just cost yourself money and aggravation.

    The IRS has received copies of both W-2's, so there's 100% chance you will get caught if you try this scheme. It's not just shady.

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  • ?
    Lv 4
    4 years ago

    The handle on a W-2 is beside the point once you document your tax return. i've got had as many as 4 addresses in one year (do no longer ask!). make specific that each and one and all employers have your modern handle. it is the handle that your W-2s would be mailed to. If the handle that any business employer has isn't valid, or in case you haven't any longer put in a transformation of handle observe with the positioned up workplace, you will possibly no longer receive them on time.

  • 1 decade ago

    Well, I'm no tax expert, but what you're describing sounds like a clear case of fraud. Additionally, I imagine that the IRS is tracking returns by social security number, and it seems pretty likely that they could catch on to the fact that you filed twice, and if they decided to audit you because of that, they would determine that you recieved an excessive refund. They would expect repayment, probably with fees added, if not worse.

    Lots of people cheat on their taxes. If you want to be one of those people, and are willing to take the risk of getting busted and ending up paying more than you already have -- - well, than go ahead I suppose.

  • Anonymous
    1 decade ago

    The only way you can file twice is to mail in the second return. Then a human being sits down and tries to figure out what you did--and manually amend your return to include all the income. Sometimes they get it right, sometimes they don't.

    Wait for mail to see what you need to do.

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