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I just filed my 2009 Federal income tax return a few weeks ago and sent the I.R.S. a money order for the amount due. Today I received a 1099-SSA form showing that I had received an additional $364.00 (which I forgot to report on line 20a of 1040 form). This is non-taxable Social Security income so I won't owe the I.R.S. any extra money but I was still wondering if I need to file an amended return now or won't it be necessary since the $364.00 is non-taxable anyway?.
Also, does a person open themselves up to additional scrutiny or unwanted attention by filing an amended return/1040X?. In other words, does this send up a giant "red flag" and cause the I.R.S. to probe, prod and peek into your life -or- do they simply file the new (amended) data and move on?.
I've run a small, home-based business with very low profit margins for years and never had any issues with my taxes (or the I.R.S.) and I've filed every year but I also read that when your self-employed and/or take deductions for home office space, etc the IRS tends to pay more attention to your return and now, if I file an amended return/1040X I'm wondering if it's going to open me up to even more scrutiny or even an audit. Should I just wait for them to sent me a CP2000 since the extra amount won't add to my tax debt anyway?. Must I file a 1040X?. What is the risk/benefit ratio of doing so/not doing so, etc?.
Thanks so much!.
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∙ 14y ago
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What do you do if you left off a 1099 form on your tax return?
File an amended return 1040X.
What do you do if you left off a W-2 form from a second employer on your tax return?
You need to file an amended return if you omitted a W-2 form from your original return. Form 1040X is Amended U.S. Individual Income Tax Return. You should file your amended return as soon as you discover any omissions or corrections.Be sure to note where to mail your Form 1040X in the Where To File page of Instructions for Form 1040X. Amended forms don't necessarily go to the same Internal Revenue Service Center where you filed your original return.
How does one file an amended tax return?
An amended tax return can only be filed by mail using form 1040x.
What tax form would file to correct a mistake on last years tax form?
You need to file a 1040X (amended). You have 3 years to file an amended return after your original filing.
What if you forget to file 1098-T on your taxes?
You should consider filing an amended return. 1040X because you may qualify for a tuiting deduction or credit.
What do you do if you left off a 1099 form on your tax return?
File an amended return 1040X.
What do you do if you left off a W-2 form from a second employer on your tax return?
You need to file an amended return if you omitted a W-2 form from your original return. Form 1040X is Amended U.S. Individual Income Tax Return. You should file your amended return as soon as you discover any omissions or corrections.Be sure to note where to mail your Form 1040X in the Where To File page of Instructions for Form 1040X. Amended forms don't necessarily go to the same Internal Revenue Service Center where you filed your original return.
How does one file an amended tax return?
An amended tax return can only be filed by mail using form 1040x.
What tax form would file to correct a mistake on last years tax form?
You need to file a 1040X (amended). You have 3 years to file an amended return after your original filing.
What if you forget to file 1098-T on your taxes?
You should consider filing an amended return. 1040X because you may qualify for a tuiting deduction or credit.
Forgot to file one of your W-2s with 2008 tax return?
Simplu file an amended retunr, preferably before your contacted about it, using a form 1040X.
What if you filed your tax return and then you dependent received a 1099-C form?
Form 1099-C is Cancellation of Debt. Form 1040X is Amended U.S. Individual Income Tax Return. If your dependent's 1099-C form affects your return, then should file, as promptly as possible, Form 1040X to correct errors and make changes.
What if your tax preparer did your taxes wrong what can you do?
You can make a change or an adjustment to a tax return you've already filed by filing an amended return. Here are the top 10 things the IRS wants you to know about amending your federal tax return.If you need to amend your tax return, use Form 1040X,Amended U.S. Individual Income Tax Return.Use Form 1040X to correct previously filed Forms 1040, 1040A or 1040EZ. The 1040X can also be used to correct a return filed electronically. However, you can only paper file an amended return.You should file an amended return if you discover any of the following items were reported incorrectly: filing status, dependents, total income, deductions or credits.Generally, you do not need to file an amended return for math errors. The IRS will automatically make the correction.You usually do not need to file an amended return because you forgot to include tax forms such as W-2s or schedules. The IRS normally will send a request asking for those documents.Be sure to enter the year of the return you are amending at the top of Form 1040X. Generally, you must file Form 1040X within three years from the date you filed your original return or within two years from the date you paid the tax, whichever is later.If you are amending more than one tax return, prepare a 1040X for each return and mail them in separate envelopes to the IRS campus for the area in which you live. The 1040X instructions list the addresses for the campuses.If the changes involve another schedule or form, you must attach it to the 1040X.If you are filing to claim an additional refund, wait until you have received your original refund before filing Form 1040X. You may cash that check while waiting for any additional refund.If you owe additional tax for 2009, you should file Form 1040X and pay the tax as soon as possible to limit interest and penalty charges. Interest is charged on any tax not paid by the due date of the original return, without regard to extensions.
What do you do if you forget to file a W 2 form?
Form W-2 is Wage and Tax Statement and is filled out by your employer. If you forget to file a W-2 form on your original return, then you need to file an amended return to correct the omission as soon as possible after you discover the omission. Form 1040X is Amended U.S. Individual Income Tax Return.
What do you do if you forget to file a W-2 form?
Form W-2 is Wage and Tax Statement and is filled out by your employer. If you forget to file a W-2 form on your original return, then you need to file an amended return to correct the omission as soon as possible after you discover the omission. Form 1040X is Amended U.S. Individual Income Tax Return.
If you filed an amended return to claim your two children can you still get the 600 stimulus payment or do you have to wait and file on 2008 return?
Yes, you still can get the $600 stimulus payment for your 2007 income tax return. Form 1040X is Amended U.S. Individual Income Tax Return. Filing an amended return usually doesn't affect the stimulus payment. If the IRS receives your Form 1040X before issuing your stimulus payment, then your stimulus payment will be issued after your Form 1040X has been processed.For more information, go to www.irs.gov/newsroom for the article, 'Economic Stimulus Payment Q&As'.
How to make corrections on tax forms that has been filed already?
You file an amended tax return, on Form 1040X, which is pretty short and simple. It mostly asks for just the changes you need to make. If you got another W2, for example, you would attach it to the 1040X.
