https://ttlc.intuit.com/community/taxes/discussion/thanks/01/3408528#M1256568 <P>For help</P> Thu, 12 Feb 2026 04:18:41 GMT malakikh 2026-02-12T04:18:41Z https://ttlc.intuit.com/community/taxes/discussion/thanks/01/3408528#M1256568 <P>For help</P> Thu, 12 Feb 2026 04:18:41 GMT https://ttlc.intuit.com/community/taxes/discussion/thanks/01/3408528#M1256568 malakikh 2026-02-12T04:18:41Z https://ttlc.intuit.com/community/taxes/discussion/re-does-accidentally-over-reporting-taxable-income-by-let-s-say-500-result-in-penalties-if-audited/01/3408536#M1256575 <P>Over reporting income is not a problem unless it’s done to fraudulently obtain tax credits.&nbsp;</P> Sun, 15 Dec 2024 02:00:06 GMT https://ttlc.intuit.com/community/taxes/discussion/re-does-accidentally-over-reporting-taxable-income-by-let-s-say-500-result-in-penalties-if-audited/01/3408536#M1256575 Bsch4477 2024-12-15T02:00:06Z https://ttlc.intuit.com/community/taxes/discussion/re-does-accidentally-over-reporting-taxable-income-by-let-s-say-500-result-in-penalties-if-audited/01/3408549#M1256583 <P>The penalty is that you pay tax on $500 more income.</P> <P>&nbsp;</P> Sun, 15 Dec 2024 02:48:27 GMT https://ttlc.intuit.com/community/taxes/discussion/re-does-accidentally-over-reporting-taxable-income-by-let-s-say-500-result-in-penalties-if-audited/01/3408549#M1256583 rjs 2024-12-15T02:48:27Z https://ttlc.intuit.com/community/taxes/discussion/re-does-accidentally-over-reporting-taxable-income-by-let-s-say-500-result-in-penalties-if-audited/01/3408594#M1256610 <P>If the IRS - based on tax documents - finds your error promptly, or you amend within three years, your extra tax is refunded to you.</P><P>&nbsp;</P><P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5643166">@malakikh</a>&nbsp;</P> Sun, 15 Dec 2024 15:17:29 GMT https://ttlc.intuit.com/community/taxes/discussion/re-does-accidentally-over-reporting-taxable-income-by-let-s-say-500-result-in-penalties-if-audited/01/3408594#M1256610 fanfare 2024-12-15T15:17:29Z