Missing Documents

My federal tax return got accepted on 2/6/20, and I just got a 1099-K form the next day from City Cab Orlando with an income of only $15.60. Should I file an amended tax return if that income is going to make any difference in the tax refund of $1,103 that I'll be receiving, or should I hold off on it until next year? And what are the tax penalties for missing forms on the tax return and how much are they?

664

Level 3

Feb 9, 2020 4:21:57 AM

No. That won't change your return.

Returning Member

Feb 9, 2020 4:40:16 AM

That answers my first question? What about my other questions?

Expert Alumni

Feb 9, 2020 7:04:08 AM

If you wish to include it on your return, you must do it in 2019. Every tax year is separate. You would have to amend.

At most, it might be a couple of dollars off. You can also wait to see if you receive and IRS letter and then pay the amount, if any.

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Missing Documents