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Amend a return for $11?????
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Frustrated
Mar 28, 2018, 6:29:39 PM3/28/18
to
My son got a corrected 1099int.
He owes the IRS $11.
He owes NYS $1.
PA owes him $2.
He moved from NY to PA in September. I don't know how a $80 increase in dividends could reduce his PA tax, but H&R Block says it does. Something to do with deductions maybe.
So, does he have to file amended returns. I mean, it has to cost the IRS more than $11 to process it (not to mention the $1 to NY), and it certainly will cost me more than $2 to claim his $2 from PA.
I don't want to get into any trouble over this, but really, his Federal returns were straight forward and there isn't anything to fear from an audit.
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He owes the IRS $11.
He owes NYS $1.
PA owes him $2.
He moved from NY to PA in September. I don't know how a $80 increase in dividends could reduce his PA tax, but H&R Block says it does. Something to do with deductions maybe.
So, does he have to file amended returns. I mean, it has to cost the IRS more than $11 to process it (not to mention the $1 to NY), and it certainly will cost me more than $2 to claim his $2 from PA.
I don't want to get into any trouble over this, but really, his Federal returns were straight forward and there isn't anything to fear from an audit.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
Arthur Rubin
Mar 29, 2018, 8:26:50 PM3/29/18
to
On Wednesday, March 28, 2018 at 3:29:39 PM UTC-7, Frustrated wrote:
> My son got a corrected 1099int.
> He owes the IRS $11.
> He owes NYS $1.
> PA owes him $2.
>
> He moved from NY to PA in September. I don't know how a $80 increase in dividends could reduce his PA tax, but H&R Block says it does. Something to do with deductions maybe.
>
> So, does he have to file amended returns. I mean, it has to cost the IRS more than $11 to process it (not to mention the $1 to NY), and it certainly will cost me more than $2 to claim his $2 from PA.
>
> I don't want to get into any trouble over this, but really, his Federal returns were straight forward and there isn't anything to fear from an audit.
I don't know what to trim from the question, but it probably depends on the other state tax on either the NY or PA return. Absent that, it's likely that the NY or PA tax would only increase.
> My son got a corrected 1099int.
> He owes the IRS $11.
> He owes NYS $1.
> PA owes him $2.
>
> He moved from NY to PA in September. I don't know how a $80 increase in dividends could reduce his PA tax, but H&R Block says it does. Something to do with deductions maybe.
>
> So, does he have to file amended returns. I mean, it has to cost the IRS more than $11 to process it (not to mention the $1 to NY), and it certainly will cost me more than $2 to claim his $2 from PA.
>
> I don't want to get into any trouble over this, but really, his Federal returns were straight forward and there isn't anything to fear from an audit.
As for whether your son would get into trouble for not filing, it would be unethical to suggest that your son should fail to report income, regardless of the chance of being caught....
--
Arthur Rubin, AFSP, CRTP
Brea, CA
Taxed and Spent
Mar 29, 2018, 10:21:58 PM3/29/18
to
On 3/29/2018 5:22 PM, Arthur Rubin wrote:
> On Wednesday, March 28, 2018 at 3:29:39 PM UTC-7, Frustrated wrote:
>> My son got a corrected 1099int.
>> He owes the IRS $11.
>> He owes NYS $1.
>> PA owes him $2.
>>
>> He moved from NY to PA in September. I don't know how a $80 increase in dividends could reduce his PA tax, but H&R Block says it does. Something to do with deductions maybe.
>>
>> So, does he have to file amended returns. I mean, it has to cost the IRS more than $11 to process it (not to mention the $1 to NY), and it certainly will cost me more than $2 to claim his $2 from PA.
>>
>> I don't want to get into any trouble over this, but really, his Federal returns were straight forward and there isn't anything to fear from an audit.
>
> I don't know what to trim from the question, but it probably depends on the other state tax on either the NY or PA return. Absent that, it's likely that the NY or PA tax would only increase.
>
> As for whether your son would get into trouble for not filing, it would be unethical to suggest that your son should fail to report income, regardless of the chance of being caught....
>
> --
> Arthur Rubin, AFSP, CRTP
> Brea, CA
>
Forbes speaks:
> On Wednesday, March 28, 2018 at 3:29:39 PM UTC-7, Frustrated wrote:
>> My son got a corrected 1099int.
>> He owes the IRS $11.
>> He owes NYS $1.
>> PA owes him $2.
>>
>> He moved from NY to PA in September. I don't know how a $80 increase in dividends could reduce his PA tax, but H&R Block says it does. Something to do with deductions maybe.
>>
>> So, does he have to file amended returns. I mean, it has to cost the IRS more than $11 to process it (not to mention the $1 to NY), and it certainly will cost me more than $2 to claim his $2 from PA.
>>
>> I don't want to get into any trouble over this, but really, his Federal returns were straight forward and there isn't anything to fear from an audit.
>
> I don't know what to trim from the question, but it probably depends on the other state tax on either the NY or PA return. Absent that, it's likely that the NY or PA tax would only increase.
>
> As for whether your son would get into trouble for not filing, it would be unethical to suggest that your son should fail to report income, regardless of the chance of being caught....
>
> --
> Arthur Rubin, AFSP, CRTP
> Brea, CA
>
https://www.forbes.com/sites/robertwood/2011/03/31/beware-amending-tax-returns/#100c5394660c
Frustrated
Mar 30, 2018, 5:53:26 PM3/30/18
to
On Thursday, March 29, 2018 at 10:21:58 PM UTC-4, Taxed and Spent wrote:
> On 3/29/2018 5:22 PM, Arthur Rubin wrote:
> > On Wednesday, March 28, 2018 at 3:29:39 PM UTC-7, Frustrated wrote:
> >> My son got a corrected 1099int.
> >> He owes the IRS $11.
> >> He owes NYS $1.
> >> PA owes him $2.
> >>
> >> He moved from NY to PA in September. I don't know how a $80 increase in dividends could reduce his PA tax, but H&R Block says it does. Something to do with deductions maybe.
> >>
> >> So, does he have to file amended returns. I mean, it has to cost the IRS more than $11 to process it (not to mention the $1 to NY), and it certainly will cost me more than $2 to claim his $2 from PA.
> >>
> >> I don't want to get into any trouble over this, but really, his Federal returns were straight forward and there isn't anything to fear from an audit.
> >
> > I don't know what to trim from the question, but it probably depends on the other state tax on either the NY or PA return. Absent that, it's likely that the NY or PA tax would only increase.
> >
> > As for whether your son would get into trouble for not filing, it would be unethical to suggest that your son should fail to report income, regardless of the chance of being caught....
> >
> > --
> > Arthur Rubin, AFSP, CRTP
> > Brea, CA
> >
>
> Forbes speaks:
>
> https://www.forbes.com/sites/robertwood/2011/03/31/beware-amending-tax-returns/#100c5394660c
>
Okay; there is no legal obligation to amend. He filed on the basis of a 1099div, and the corrected 1099div didn't show up for 3 weeks.
> On 3/29/2018 5:22 PM, Arthur Rubin wrote:
> > On Wednesday, March 28, 2018 at 3:29:39 PM UTC-7, Frustrated wrote:
> >> My son got a corrected 1099int.
> >> He owes the IRS $11.
> >> He owes NYS $1.
> >> PA owes him $2.
> >>
> >> He moved from NY to PA in September. I don't know how a $80 increase in dividends could reduce his PA tax, but H&R Block says it does. Something to do with deductions maybe.
> >>
> >> So, does he have to file amended returns. I mean, it has to cost the IRS more than $11 to process it (not to mention the $1 to NY), and it certainly will cost me more than $2 to claim his $2 from PA.
> >>
> >> I don't want to get into any trouble over this, but really, his Federal returns were straight forward and there isn't anything to fear from an audit.
> >
> > I don't know what to trim from the question, but it probably depends on the other state tax on either the NY or PA return. Absent that, it's likely that the NY or PA tax would only increase.
> >
> > As for whether your son would get into trouble for not filing, it would be unethical to suggest that your son should fail to report income, regardless of the chance of being caught....
> >
> > --
> > Arthur Rubin, AFSP, CRTP
> > Brea, CA
> >
>
> Forbes speaks:
>
> https://www.forbes.com/sites/robertwood/2011/03/31/beware-amending-tax-returns/#100c5394660c
>
Does the IRS even WANT him to amend for $11? Nobody wants to get away with anything, but does NY want to deal with an amended return for $1? Seems unlikely, but what do I know.
Yeah, I know it sounds as if I am looking for permission to ignore it, but I really want to do the right thing.
The same happened to my return and I am amending because it is is $100 and $50. I expect they DO want to hear about that.
Next year I will wait a few extra weeks.
Rick
Apr 2, 2018, 8:14:48 PM4/2/18
to
"Frustrated" wrote in message
news:09ca353a-c311-443c...@googlegroups.com...
Maybe the best approach is just to do nothing. I'd ignore the $1 you owe
NY, since I'm sure they won't care about it. Let them bill you $1 if they
somehow become aware of it.
As for the IRS, they get the corrected 1099s and their computers might kick
it out or they might miss it. If they catch it, they will most likely just
bill you and you can pay it and it won't be a big deal. Much more likely is
they won't catch it or will just ignore it. I wouldn't worry about any of
this.
--
news:09ca353a-c311-443c...@googlegroups.com...
NY, since I'm sure they won't care about it. Let them bill you $1 if they
somehow become aware of it.
As for the IRS, they get the corrected 1099s and their computers might kick
it out or they might miss it. If they catch it, they will most likely just
bill you and you can pay it and it won't be a big deal. Much more likely is
they won't catch it or will just ignore it. I wouldn't worry about any of
this.
--
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