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#2
05-04-2006, 03:05 AM
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 Re: Amended Return? (New 1099-INT) Rod wrote: - quote - > "Timothy Lin" <timothy.lin[at]alumni.grinnell.edu> wrote:
Of course you do not have to file an amended return if the> > After I filed my 2005 federal return, I realized that I had > > forgotten to include one of my 1099-INT interest amounts in > > the return. This obviously changes my AGI, but because the > > amount is small (around $10), my tax refund amount is > > unchanged. Do I still need to file an amended return for > > this extra income? Thanks! > Why amend the return if it does not change the bottom line? tax doesn't change. I understand that the IRS (and many states) consider any over or under-payment of less than $100 to be de minimis. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
04-10-2006, 06:35 AM
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| Re: Amended Return? (New 1099-INT) "Timothy Lin" <timothy.lin[at]alumni.grinnell.edu> wrote: - quote - > After I filed my 2005 federal return, I realized that I had
Why amend the return if it does not change the bottom line?> forgotten to include one of my 1099-INT interest amounts in > the return. This obviously changes my AGI, but because the > amount is small (around $10), my tax refund amount is > unchanged. Do I still need to file an amended return for > this extra income? Thanks! << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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04-10-2006, 05:57 AM
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| Re: Amended Return? (New 1099-INT) timothy.lin[at]alumni.grinnell.edu (Tim) posted: - quote - > After I filed my 2005 federal return, I realized
I wouldn't bother. There is a "de minimis" concept in tax> that I had forgotten to include one of my > 1099-INT interest amounts in the return. This > obviously changes my AGI, but because the > amount is small (around $10), my tax refund > amount is unchanged. Do I still need to file an > amended return for this extra income? collection -- and preparation -- which suggests that the cost of amendment can be greater than its value (or perfection isn't worth the price!). Bill << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
04-09-2006, 04:24 PM
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| Amended Return? (New 1099-INT) After I filed my 2005 federal return, I realized that I had forgotten to include one of my 1099-INT interest amounts in the return. This obviously changes my AGI, but because the amount is small (around $10), my tax refund amount is unchanged. Do I still need to file an amended return for this extra income? Thanks! << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 1099int, amended, return |
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