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i'm filing joint/married, and i've already finished. but i forgot about a part time job i had in 2006. will this become a big deal or is it some thing fixable? i just want to know if maybe i can file a second return for this other job.

2007-01-20 16:21:29 · 6 answers · asked by Hawnhoney808 2 in Business & Finance Taxes United States

6 answers

You need to file an amended return on Form 1040X and include all income together. You cannot file a second return for any year.

Tax prep software will help you do this as the 1040X is confusing to someone who has not used it before.

Another option would be to just wait till the IRS sends you a letter. If the income is on a W-2 they will catch it, in a year or so and will let you know what the change to your tax will be.

2007-01-20 16:27:02 · answer #1 · answered by Nusha 5 · 0 0

It won't become a big deal, but you will have to correct it. You can't just file a second return for that job, since tax is assessed on the TOTAL income, not job by job. File an amended return, form 1040X, showing the changes, and if you owe additional taxes, send a check with the form if you can. If you have an additional refund coming because of this W-2, you'll get it.

2007-01-20 16:52:09 · answer #2 · answered by Judy 7 · 0 0

You'd want to file Form 1040X to amend your return to include the missing income.

You do not want the IRS to correct for you since it takes time (i.e. months!) before their records match the missing information to your account under your social security number. The IRS would then assess you penalties and interest months later if you would owe additional taxes due to the missing income.

By amending the return, it'll reduce the period from which the IRS can impose penalties and interest on the missing income and any possible taxes owed.

In additional, you may possibly get a refund instead so it'll be better to file an amended return to get your money back!

You'll have to crunch the numbers (or hire a tax professional) to see whether or not you'll owe or have a refund!

2007-01-20 16:52:12 · answer #3 · answered by MrMojo1 5 · 1 0

file an amended return

2007-01-20 16:25:20 · answer #4 · answered by starla 3 · 1 0

you will could record a revised style -- a style 1040X. you could acquire this style from the IRS, and the learning are enormously self-explanatory, yet you probable *will* land up recalculating all your numbers another time. Sorry.

2016-10-31 21:29:19 · answer #5 · answered by Anonymous · 0 0

You can notify them to correct that. Make sure you remember everything this time.

2007-01-20 16:27:34 · answer #6 · answered by Barbra 6 · 0 0

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