Received 1099-INT after filing

Forum|Forum|6 years ago
June 5, 2019
2 replies
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After I filed my 2016 taxes, I received a 1099-INT form from the IRS for a very small sum (less than $25). Is it advisable to amend my return for such a small sum? I've heard that amending one's return tends to increase the chances of getting audited.

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Best answer by suzyquzy

I would not amend for such a small amount. When IRS matches the 1099s to your return they may send you a bill for the additional amount of tax on the $25. Just pay it.

suzyquzyAnswer

Employee

I would not amend for such a small amount. When IRS matches the 1099s to your return they may send you a bill for the additional amount of tax on the $25. Just pay it.

holly-lemaster

The same thing happen to me but mine is for 67$ do you think i just do an ammended or let them send me a bill

ChiQiD

So, did they send you a bill? i see this post is old and i did that same thing this year for a 12.00 1099. Just curious

JohnB5677

I think you indicated a ($12) 1099 that you didn't post to your tax return.

If that is correct, I do not suggest you prepare an amended return for $12.

While you must make every effort to include all income in your tax return, $12 is unlikely to result in any substantial change to your total tax.

Edited 02/19/2024

@ChiQiD

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ChiQiD

Thank you. i'll hold on to the document just in case i get a bill.. My initial thought was that they wouldnt bother with such a small amount, but it's nice to see what others have done. Next year, I will definitely wait until mid february --- like i usually do. I don't know why i got in a hurry this year...and...it bit me.