2006-07-12 16:05:06 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
File an amended return, and pay what you owe. There will be interest charged on the amount omitted from your payment, and maybe a penalty depending on how much is was. The IRS will bill you for that once they get your amended return.
The form for an amended return is 1040X. You can find it on irs.gov. File as soon as you can - if possible, send a check for the amount you owe with your return. If you don't have the money, file the return anyway.
2006-07-12 16:31:20 · answer #1 · answered by Judy 7 · 2⤊ 1⤋
good answer from Judy...but to add....do not ignore it, the IRS also has a copy of the 1099 but may take over a year to send you a notice--for which the penalty and interest will be much greater than if you amend now. They are just now sending out matching notices on 2004 returns missing income.
2006-07-12 23:43:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A 1099 G is simply your state tax refund from the prior year and it is not taxable unless you itemized your deductions in the prior year.....If you didn't itemize last year, ignore it.
2006-07-13 07:22:26 · answer #3 · answered by 3eleven 4 · 0⤊ 0⤋
Judy is correct
2006-07-13 00:17:43 · answer #4 · answered by momma 2 · 0⤊ 0⤋
SCREWEDDDDDDDDD actually contact the IRS asap
2006-07-12 23:08:16 · answer #5 · answered by investing1987 3 · 0⤊ 0⤋