Ooops, gonna need a tax amendment…
March 7th, 2007 by Grant in: General, TaxesIt has come to my attention that my in-laws have some additional Form 1099’s that have not been included on this years taxes. The bummer of it all is that… our taxes have already been filed. Hence, the problem.
While the total dividend from my wife’s Disney stock amounts to a total of $4.95 for the entire year, it is still being reported to the IRS as income, thus I should too. While it will take the IRS quite a while to figure out I haven’t included this on my return, they will come asking for their money, eventually. And I’m sure they’ll kindly request interest on that whopping $4.95 too.
However, since my taxes aren’t nearly as simple as they used to be, filling out a 1040x form just isn’t gonna cut it.
So it’s back to the tax man for the amended return. Hopefully the bill I’m gonna get doesn’t weigh too heavily on my checkbook!
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