Auditing/How Form ss-8 works with tax returns
I submitted a Form SS-8 to the IRS because I believe I may have been misclassified as an Independent contractor instead of an employee in 2015. How does that impact my tax situation? In other words, I already filed my taxes including my 1099-misc / self employment income. Now do I wait to see what the IRS decides and then if they determine I was misclassified, will they send me a W-2 so that I can file an amendment?
Peg, the IRS would only "misclassify" you if they received a 1099 from your employer and not a W2. The IRS will not send you a W2, if you can obtain one from your old employer - I would do that and send the IRS a copy. My guess is that your employer sent in a 1099 (not a W2) and so you would owe the taxes on the amount you thought were earned as an employee - unless you can get a copy of that W2 from your old employer. If you do owe more taxes, either you can work out the difference and mail the IRS a check or you can wait for them to figure out how much you owe and pay that. Sometimes you can claim more expenses because you're a contractor, so filing an amended return might help avoid some of the additional taxes the IRS thinks you owe.
Hope that helps, RS