On my federal form I reported a refund from my state taxes last year $30 less than I actually received. Will I get audited.
2007-02-04 04:34:41 · 3 answers · asked by CctbOh 5 in Business & Finance ➔ Taxes ➔ United States
No, leave it be. If the IRS catches it, they'll just send you a letter saying they corrected it and you owe them an additional couple of dollars. They won't charge you any penalties or interest for what will amount to $5 and even the IRS isn't stupid enough to waste our tax dollars auditing somebody for that amount.
2007-02-04 05:35:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Did you itemize on Schedule A in 2005? If so, then the $30 difference is a real error but it may not have an effect on your tax owed.
If you didn't itemize in 2005, then there is no error.
I doubt if this will trigger an audit.
2007-02-04 04:40:09 · answer #2 · answered by ninasgramma 7 · 0⤊ 0⤋
File a paper copy of Form 1040X.
Review the rules (1040 Instructions) about whether or not you need to report a refund.
2007-02-04 04:59:56 · answer #3 · answered by r_kav 4 · 0⤊ 0⤋