I wouldn't bother unless IRS sends u something, not worth
the bother.

bw

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sgrim80[at]yahoo.com (Raven4128) wrote:

- quote -

Since tax-owed brackets quickly rise to $25 intervals, and
by $3,000 income are hoisted to $50 intervals, the
likelihood is that the $10 difference would not affect the
tax due (and therefore not change the refund), in any event.

If it is one of those rare cases where the $10 difference
kicked your friend from one bracket to the next, we're only
talking $5 difference in tax owed until you get to $7,000,
when it starts escalating. If you go back and check the
figures against the 2004 Tax Table (in all 1040 or 1040A
Instruction booklets), you can reassure yourself that you
didn't cheat your friend of a penny.

If you find it made a few dollars difference, the government
won't scream -- and it would be cheaper for everyone
(including taxpayers), if you simply gave your friend the
few bucks and called it even. <smile
Bill

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"Raven4128" <sgrim80[at]yahoo.com> wrote:

- quote -

Wait and let IRS catch it (if they do and if they want to
act on it). To file an amendment before giving IRS time to
process the return often creates more confusion than its
worth.

Mike Lewis, CPA

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Raven4128 wrote:

- quote -

To do nothing atall.

And they won't bother him; or you.

ChEAr$,
Harlan Lunsford, EA n LA

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Look the taxable income on the tax chart and see if tax is
different than what was reported. If it is, use form 1040X
to amend the return.

Missy Doyle

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Hey guys, I did someones USA federal taxes through the free
e-file on hrblock.com. After they were e-filed and accepted
by the IRS we noticed that the "gross income" was entered
incorrectly. I entered that he made $10 more than he
actually did. The form used was the 1040EZ. Is there any
reason to file an amendement form? (1040X) Or is it just
wise to see if they give him his refund? I can't imagine
him owing more tax over $10. Whats the best option here?

Thanks!

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