Income tax question?

Question

We just did our taxes this week but when we send them in the mail two days after we got a income form that we forgot to report it is just 95 dollars do you thinks we need to do them again or is not to much money?

Answer 1

You need to report all income, file an amended return using form 1040X, this needs to be mailed in and takes 8 to 12 weeks to process
http://www.irs.gov/pub/irs-pdf/f1040x.pdf

Answer 2

You are required to report all of your income, so you need to file an amended form 1040X to add it on.

If you don't, in a year or so you'll get a letter from the IRS telling you that they've identified something you left off, and telling you how much additional tax, if any, you owe because of it and telling you to send them a check. It will have interest added on by then, but since the whole thing is a very small amount, it's not likely to be very much.

Answer 3

You can file an amended return and claim the income. You need to because that income will be reported to the IRS.

Answer 4

You need to file an amended return on Form 1040X and pay the additional tax by April 17, 2007.

Answer 5

to know any information regarding taxes i can suggest u some online efiling sites. here are those. these can provide deductions.

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Answer 6

so you need to file an amended form

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Answer 7

don't worry about it,the tax dept w'd ask u back next yr.

Answer 8

U need to add that on.

Answer 9

Do it yourself and you pay nothing extra.