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posted May 31, 2019 9:56:38 PM

I received a 1099-INT after filing with interest income of $18.54. Is it necessary that I amend?

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1 Best answer
Level 15
May 31, 2019 9:56:40 PM

Perhaps, if it changes your tax.

Personally I would not go to the trouble.  I would just let the IRS figure it out in a year or so and send me a bill plus interest and just pay that.   The tax can't be more than a few dollars and the interest only a few cents on that.  You can mail the payment in for the price of a stamp, but the postage to mail the entire amended return would probably cost more than the tax and interest (if you mail certified which you should for an amended return.).

1 Replies
Level 15
May 31, 2019 9:56:40 PM

Perhaps, if it changes your tax.

Personally I would not go to the trouble.  I would just let the IRS figure it out in a year or so and send me a bill plus interest and just pay that.   The tax can't be more than a few dollars and the interest only a few cents on that.  You can mail the payment in for the price of a stamp, but the postage to mail the entire amended return would probably cost more than the tax and interest (if you mail certified which you should for an amended return.).