Post # 1
I was so happy to get my taxes done and submitted early, with a refund! Yeah!
…but wait what was in my mail today but a tax form for royalties from sales of my book… all $61.
Damn now I have to file am amended return! AGGG! I hate the IRS!
Post # 3
You don’t have to file an amend return necessarily. That small of an amount it better just to wait and see if they accept your return if they do then your fine without it. If they reject it then you can file an amended return. Same thing happened to me last year and I spent two hours on the phone waiting for an irs agent for them to tell me not to worry about that small of an amount unless I wanted to amend. I already owed so it was a definite No.
Post # 4
@tksjewelry: Yeah I’m taking the duck and cover approach. If they say something then I’ll do otherwise I’ll skip it. I’m definately going to wait until I get my refund before doing anything, I don’t want that held up.
Post # 5
@renwoman: I had to file a corrected form last year! My company (at which I work part-time) got bought out 2/3 of the way through the year, and I got a whole other W2 in the mail! It was SUCH a pain, and I was so nervous I was going to get audited or something.
This year I did my taxes already online, but haven’t actually e-filed. Everything is just saved and ready to go. I’m just going to wait until like March 1 or so and then click the file button. I’m satisfying my Type A need to have everything prepared/figured out, but (hopefully!) avoiding the situation of last year, haha.
Post # 6
@renwoman: I would wait until you get your refund, but do it before the tax deadline. They aren’t likely to catch it on their own before then, but if they catch it a year from now they will tack on ridiculous penalties and interest.