May 31, 2019 5:02 PM
last updated May 31, 2019 5:02 PM
I filed an amended return last year, and got a statement in the mail from the IRS that I had received $12.50 in interest from the government (since they had my return longer than they normally would.) The letter says this is taxable income and I need to file it, but I don't know where.
1 Best answer
June 11, 2019 8:15 AM
You could file an amended return. If you fail to include interest reported to you by the IRS, they will "adjust" your return to include it and bill you for any additional tax. It's just a question of how long it will take them to do it. Interest and penalties (if applicable would continue to accrue).