IRS says I owe $1857 tax because I neglected to include my 1099 retirement income of $18000. Do i pay or correct or go to accountant?

[Critter]

First review your return ... is the IRS correct ?   Did you miss it ?   If you did then agree and pay up.

[SweetieJean]

Did you receive 1099-R?

[Carl]

Your 1099-R income will be included on line 1 of the 1040-EZ, line 11a of the 1040-A (with the taxable amount on 11b) or line 15a of the 1040 (with the taxable amount on line 15b).
If the above is not true, then you'll need to pay up. But check to make sure you in fact did not report it at all. You may have reported it incorrectly and the letter you received could be unwittingly double-taxing you on that income.
Furthermore, if this is on your 2016 return then you'll need to "correct" your already filed 2016 return so you won't have issues importing into your 2017 return next year. Just make absolutely certain you print the original PDF *BEFORE* you change anything. If you can also download the original .tax2016 file first, then you should.
If you need any help with this, please post back and let us know.

[SweetieJean]

@kreski1920  Which tax year?

[Opus 17 · Accepted solution]

Start by preparing an amended return to include the retirement income.  See if the figure agrees with the IRS, if it does, just pay them.  You don't need to file the amended return because the IRS will adjust your file for you.

If your amended return shows you owe a different amount of tax, mail the amended return, a check for the amount due and a letter of explanation to the address in the office that sent you the notice, not the usual amending address.  Use a mailing service that offers tracking and proof of delivery.  Pay attention to any deadlines or time limits in the notice you received.

If you could follow Turbotax to prepare a return you can probably use Turbotax to prepare your amended return. See here,

Amend https://ttlc.intuit.com/replies/3288565

[SweetieJean]

Any amended return will wipe out the original return.