Never reported PayPal earning from 2014-2015. Didn't know it was SE tax and whatever earn over $400 need to be reported. Can I amend my 2014 and 2015 tax return in 2019?

Hi guys,

So, in a huge problem, I think there is a chance of me being audited in the future and to make things right before the audit, I want to pay all of my due taxes and come clean. 

So as the question asks, I have an earning of around $7000 in 2014 and $10000 in 2015 that I never reported from PayPal since they didn't issue 1099-k but I later realized it is my obligation to report all my income whatever I make and it is considered self-employed income. So do I still have a chance of amending my 2014 and 2015 tax return to include this SE taxes? 

Any help would be appreciated and thank you for helping. 

No answers have been posted

More Actions

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.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community