topic Re: Missing Documents in After you file

Missing Documents

Poison35 — Sun, 09 Feb 2020 12:13:54 GMT

My federal tax return got accepted on 2/6/20, and I just got a 1099-K form the next day from City Cab Orlando with an income of only $15.60. Should I file an amended tax return if that income is going to make any difference in the tax refund of $1,103 that I'll be receiving, or should I hold off on it until next year? And what are the tax penalties for missing forms on the tax return and how much are they?

Re: Missing Documents

sierrapeaks — Sun, 09 Feb 2020 12:21:57 GMT

No. That won't change your return.

Re: Missing Documents

Poison35 — Sun, 09 Feb 2020 12:40:16 GMT

That answers my first question? What about my other questions?

Re: Missing Documents

ColeenD3 — Sun, 09 Feb 2020 15:04:08 GMT

If you wish to include it on your return, you must do it in 2019. Every tax year is separate. You would have to amend.

At most, it might be a couple of dollars off. You can also wait to see if you receive and IRS letter and then pay the amount, if any.