Family member forgot to include 1099s with simple Fed tax form 1040A filed a few days ago. What should be done to avoid penalty and be “complete”? Send them separately now, with a short letter, before the deadline, with or without a copy of the 1040A?, forget about it, or what?
What kind of 1099? 1099-INT? 1099-DIV? 1099-A? 1099-R? 1099-G? 1099-MISC? 1099-C?
What kind of money are we talking about? $10? $100? $1000? 10,000?
Don’t send letters to the IRS. Don’t send copies of your 1099 to the IRS.
Generally speaking, if it’s a small amount like $10 or something, forget about it. The IRS is not going to bother you about it and in the unlikely event they do, just pay the bill.
If it’s a significant amount, you will need to file both federal and state amended returns. Federal amended returns are filed with Form 1040-X. Each state has its own procedure for amending returns. If you think you will be owing a lot of money, pay it before 4/18 (even if you can’t file by then) in order to avoid interest and penalties.
And was the amount in the 1099 reflected in the tax return, and it’s simply a matter of not including the actual paper form? Or was the amount absent from the return?
Having read Dewey Finn’s response, let me point out that the IRS does not want you to send copies of your 1099 Forms with your federal return, except for Form 1099-R, which it wants only if there is withholding shown on the form.
If you neglected to include a 1099-R showing withholding, do nothing. The IRS will let you know if it wants you to send it.
Check the instructions for your state.
This is precisely why you have the option of filing an amended tax return…
All, plus SS info, were listed on the 1040A, just forgot to staple the W-2 & 1099-R slips.
Not just the 1099-R for 27k 4Kw/h
but a W-2 for 35k+ 7k w/h
with a Fed refund due of less than $400
thanks
State was complete.
I’ve not bothered to send in a paper W2 for the last umpteen years. IRS ever complained. My bet is they’ll never complain about this situation either.
If the taxpayer gets a letter wanting a copy of the 1099 / W-2 forms, mail them in then. There won’t be any extra costs involved since all taxes owed have been paid.
Related question: Are the w-2 and 1099s submitted when taxes are filed electronically, like as an attachment? Or not submitted at all? Something else?
For my family’s 1040s/1040EZs: I entered key info from the W2s (including employer and taxpayer IDs) and that was it. No attaching or anything.
Can someone explain to me why the IRS wants us to send any W-2’s or 1099’s in the first place? They already get that information anyway.
The deadline (with extensions) for employers to file W-2 forms used to be in May. And employers don’t file them with the IRS, they file them with the Social Security Administration, which then forwards a copy to the IRS. The IRS typically didn’t get them until October or so. (This does not apply to 1099 forms.)
It used to be difficult to fake a W-2 (not to say it wasn’t done). But now days, everybody has what used to be a sophisticated printer on their desk and employers email W-2 forms to their employees to print out themselves. But in recent years, the problem of filing fake returns with fake W-2 forms has increased exponentially. A couple year ago, Congress passed a law pulling up the deadlines. But I guess we are still in a transition phase where the IRS isn’t yet willing to give up the security blanket. Although, of course, you don’t have to mail in a paper W-2 if you e-file.
And there are still some very small employers that file W-2 forms on paper, so it takes a while to process those.
There would be rioting in the streets if people had to wait until November to get their tax refunds.