ToddL
New Member

After you file

This is very common and no reason for concern

Technically, you would have to wait until your originally filed return is fully processed and then amend your return to add the missing 1099.

As a practical matter, however, it is extremely common to omit reporting a Form 1099. You file before they arrive, they get lost in the mail, get lost in your house or get tossed along with junk mail.

If you don't file an amended return to report the 1099, the IRS may send you an automated Notice of Proposed Increase in Taxes later this year. 

They will calculate the tax due (plus interest and penalties) and you can send them a check (no amended return necessary). 

 

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