Personal Finance and Investing
In reply to the discussion: I got my refund already! [View all]politicaljunkie41910
(3,335 posts)any additional taxes. Even though you have an additional $65 of income, you may not have used up all your standard deduction on the income that you claimed, or personal exemptions, etc. If you used Turbo Tax or one of the other tax software programs, I'd run the new figures through again and see what the actual difference is. If you still come out with a net amount due, you have two choices.
One call the IRS and ask them what you should do. They probably have a dollar amount that as long as you don't go over, than they will ignore it. This happened with my elderly Dad one year. I used to do his taxes, and he would save all his documents for me. After I had done his taxes, he found another bank statement or 1099 and it was something like you described. Had it been mine, I wouldn't have done anything, but since it was my Dad, I knew he'd fret over it and wouldn't be able to rest, so I called the IRS. She told me don't worry about it. I told her, I don't want my Dad to get a notice from the IRS because it will freak him out. She told me don't worry about it. Without giving me any more details, she implied if it was below a certain amount they ignore it.
I assume it would cost them more in manpower hours to send out a notice to you and then review the new Return that you send in and that would not be worth their time.
Good Luck with whatever you decide to do. Let us know how it works out so we will all know, for the record.
Edit history
Recommendations
0 members have recommended this reply (displayed in chronological order):