topic Received 1099-INT after filing in Get your taxes done using TurboTax

Received 1099-INT after filing

calebcallaway — Wed, 05 Jun 2019 22:03:56 GMT

After I filed my 2016 taxes, I received a 1099-INT form from the IRS for a very small sum (less than $25). Is it advisable to amend my return for such a small sum? I've heard that amending one's return tends to increase the chances of getting audited.

I would not amend for such a small amount. When IRS match...

suzyquzy — Wed, 05 Jun 2019 22:03:58 GMT

I would not amend for such a small amount. When IRS matches the 1099s to your return they may send you a bill for the additional amount of tax on the $25. Just pay it.

The same thing happen to me but mine is for 67$ do you th...

holly-lemaster — Wed, 05 Jun 2019 22:03:59 GMT

The same thing happen to me but mine is for 67$ do you think i just do an ammended or let them send me a bill

Re: The same thing happen to me but mine is for 67$ do you th...

ChiQiD — Sun, 18 Feb 2024 13:52:35 GMT

So, did they send you a bill? i see this post is old and i did that same thing this year for a 12.00 1099. Just curious

Re: Received 1099-INT after filing

JohnB5677 — Mon, 19 Feb 2024 14:59:38 GMT

I think you indicated a ($12) 1099 that you didn't post to your tax return.

If that is correct, I do not suggest you prepare an amended return for $12.

While you must make every effort to include all income in your tax return, $12 is unlikely to result in any substantial change to your total tax.

Edited 02/19/2024

@ChiQiD

Re: Received 1099-INT after filing

ChiQiD — Sun, 18 Feb 2024 14:15:18 GMT

Thank you. i'll hold on to the document just in case i get a bill.. My initial thought was that they wouldnt bother with such a small amount, but it's nice to see what others have done. Next year, I will definitely wait until mid february --- like i usually do. I don't know why i got in a hurry this year...and...it bit me.