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jppetrea
New Member

I already e-filed my tax forms. Today I received a 1099-Misc form. I DID include this income on my schedule C, but did not say it was from a 1099. What do I need to do?

 
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I already e-filed my tax forms. Today I received a 1099-Misc form. I DID include this income on my schedule C, but did not say it was from a 1099. What do I need to do?

You will likely need to amend your return.  The IRS will also get a copy of your 1099-Misc and may not realize that you included the amount, and will expect to see you report it.  If it is not reported they will likely invite you to explain why.

However, slow down. You obviously filed early without all of your documents (FIs have until 1/31/19 to put that information in the mail to you.)  The amended return form 1040-X will not be available until mid-late February.  And, you CANNOT e-file an amended return, you must PRINT and MAIL it --it usually takes the IRS 2-4 months to process an amended return.

Finally, you need to WAIT until you find out if your return has been REJECTED or ACCEPTED.

If it has been rejected then you can simply make the corrections required to fix the rejection AND at the same time add the information from the 1099-Misc, and re-submit your CORRECTED e-filed return.

If it has been accepted you will have to prepare, print, and mail an amended return ---BUT WAIT until you receive your refund before filing the amended return .

When mailing a printed return it is always a good idea to go to the Post Office and mail it 'Certified' with 'Return Receipt'.  That way you will have proof that they received it and when it was received.


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1 Reply

I already e-filed my tax forms. Today I received a 1099-Misc form. I DID include this income on my schedule C, but did not say it was from a 1099. What do I need to do?

You will likely need to amend your return.  The IRS will also get a copy of your 1099-Misc and may not realize that you included the amount, and will expect to see you report it.  If it is not reported they will likely invite you to explain why.

However, slow down. You obviously filed early without all of your documents (FIs have until 1/31/19 to put that information in the mail to you.)  The amended return form 1040-X will not be available until mid-late February.  And, you CANNOT e-file an amended return, you must PRINT and MAIL it --it usually takes the IRS 2-4 months to process an amended return.

Finally, you need to WAIT until you find out if your return has been REJECTED or ACCEPTED.

If it has been rejected then you can simply make the corrections required to fix the rejection AND at the same time add the information from the 1099-Misc, and re-submit your CORRECTED e-filed return.

If it has been accepted you will have to prepare, print, and mail an amended return ---BUT WAIT until you receive your refund before filing the amended return .

When mailing a printed return it is always a good idea to go to the Post Office and mail it 'Certified' with 'Return Receipt'.  That way you will have proof that they received it and when it was received.


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