No, it waits 2-3 years then sends you a letter with a penalty. If the interest is a small amount, it may not affect your taxes or create a small change that the IRS may be willing to overlook. However, if there is enough of a difference, the IRS will care and you should beat them to it and file an amended return by April 18 and pay the amount due before then to avoid any future penalties.
I would recommend you e-file an amended return as soon as the original return is completely finished- all payments have cleared the banks. E-filing will shorten the processing issues. Please:
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