by Jordan
(Iowa)
We have discovered that the previous bookkeeper here did not subtract Housing Allowance from the pastors' salaries in Box 1 on their W-2s, and so the pastors overpaid on their taxes for those years. Am I able to correct & resubmit the W-2s so that the pastors can be refunded the difference on their taxes?
1Comments
Correcting W-2
AAnonymous in NC
Did the pastor whose income was overstated ask you to send a corrected W-2, because he/she may have caught the error and sent an explanation with their original return? But, yes you can do corrected W-2's. Federal returns can only be amended up to 3 years.