Help! I received a 1099-MISC form in the mail AFTER my taxes were approved....now what??

Both my federal and state taxes have been accepted, but I just received a 1099-MISC form in the mail that had an amount filled out under "Non employee compensation," but nothing listed under "Federal income tax withheld" and nothing under "State tax withheld." Do I need to fill out a 1040x to change my original tax return? Thank you in advance for your help!!

    Cancel
    So you didn't include this income on your tax return?  If you keep good records you would have known to include it as income before you even got the 1099-Misc.  You don't actually need the 1099 form.

    Don't enter it yet. Wait and see if the IRS accepts or rejects your return.  If they reject it you can add it and resend it.  If they accept it you will have to file an amended return.

    Read this on how to amend a 2012 return (the amended return won't be available until Feb 7)
    http://turbotax.intuit.com/support/iq/Amend-a-Return/How-to-Amend--Change-or-Correct--a-Return-You-A... 

    The amended return is form 1040X and can only be mailed (not efiled) and will take 8-12 weeks or more to process.  And they only send checks for amended returns, no direct deposit.  You should also wait to amend your return until you get your original refund or your payment has cleared because the IRS might adjust your original return.
    • Pretty rude comment "if you kept good records"...I do and this is te first year I received one!,,
    • I agree.  I received a 1099 Misc. Inc. form today for money reimbursed for airfare to attend a conference I was invited to.  I had not idea this was "Nonemployee compensation."  I'm not an independent contractor or any of the other categories.  This was in connection with my job.  What do I do?
    Cancel
    Contribute an answer

    People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

    1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
    2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
    3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
    4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
    5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.
    Cancel