8 votes

Do I have to file a correction if I receive a corrected 1099 that results in a small increase in my return?

Being audited is probably not as bad a thing as I think it is, but it's also not the first option that the IRS uses when they find a mistake. Often when a form is missing, the IRS will send a letter ...
NL - Apologize to Monica's user avatar
6 votes

Filed 1040, Forgot to Check Box on Line 61 (full year health coverage). File 1040X or Wait?

The IRS is not actively enforcing the health care mandate this year, so don't worry about it. If you had health care, it is not actionable anyway.
Five Bagger's user avatar
  • 9,785
6 votes

Should 1040-X be filed on changes that have no impact?

If the change in income on the 1099 is so small that the tax owed doesn’t change, I wouldn’t bother. However, If we are talking about a 1099-NEC for your business, I just want to point out that you ...
Ben Miller's user avatar
  • 115k
4 votes

Can you get (and keep) a stimulus payment by filing 2020 income 'accidentally low', and later file a 1040-X?

It is already too late to do anything to receive either of the two 2020 stimulus payments. If you are eligible for the stimulus payments based on your 2020 status, and did not receive the payments in ...
Ben Miller's user avatar
  • 115k
3 votes

Missed to file Schedule B with 2016 Tax return for foreign bank account

Yes. You can file an amended tax return (form 1040X) and include the additional files. The Internal Revenue Service (IRS) knows the tax code is complex, and that people make mistakes. It will ...
Michael's user avatar
  • 10.2k
3 votes

Do I have to file a correction if I receive a corrected 1099 that results in a small increase in my return?

This is very unlikely to trigger an audit. The most likely scenario is that the IRS will send you a correction letter, stating that there was a discrepancy between the amount you reported and the ...
jalynn2's user avatar
  • 131
3 votes

Filed 1040, Forgot to Check Box on Line 61 (full year health coverage). File 1040X or Wait?

If you fail to check the box indicating you have the required health coverage, you must indeed file 1040X to correct your 1040. I made this exact error on my 2015 1040, and just realized the error, ...
user4556274's user avatar
  • 1,997
3 votes
Accepted

Why am I getting a W-2c form?

What are some typical reasons for a person to get this form? Was it something wrong with the company's taxes? Was it a mistake in the pay roll? The corrected form is to fix a problem. It could ...
mhoran_psprep's user avatar
3 votes
Accepted

When should I file 1040X if I filed wrong tax form

Should I send 1040X together with correct 1040NR to IRS immediately? Or should I wait until IRS has processed my wrong return? There's not really any reason to wait to file an amended return. If ...
Hart CO's user avatar
  • 70.4k
3 votes
Accepted

How to fill in Line 6 on Form 1040 if Schedule D does not have to be filed?

The remaining instructions are further down the page, just past Exception 2: If Exception 1 applies, enter your total capital gain distributions (from box 2a of Form(s) 1099-DIV) on line 6 ...
glibdud's user avatar
  • 740
3 votes
Accepted

How should Form 1040 be amended if error was introduced on lines 78 and 79?

I'm mostly guessing based on existing documentation, and have no direct experience, so take this with a pinch of salt. My best understanding is that you need to file Form 843. The instructions for ...
Vipul Naik's user avatar
3 votes
Accepted

Does a dependent with no income have to file a 1040x?

The question reads "could", not would for a reason - you don't have to include him as a dependent if you don't want to, but if you are allowed - he cannot claim the exemption. So yes, he has to amend ...
littleadv's user avatar
  • 172k
3 votes
Accepted

Do the "failure-to-file penalty" and "failure-to-pay penalty" apply when amending a timely-filed return after the deadline?

Yes, failure-to-file doesn't apply because you did file -- even though you made some mistakes; that penalty is for not filing at all i.e. ignoring or defying the law. (There are some cases where they ...
dave_thompson_085's user avatar
3 votes
Accepted

If I file Form 1040-X twice for the same year, should Original Amount for the second filing use the outcome of the first amendment?

When filling the Form 1040X column A (Original Amount) should I use the amount as it would have been after applying the first 1040X .... That one's right in the instructions for 'Columns A Through C' ...
dave_thompson_085's user avatar
3 votes

Can you get (and keep) a stimulus payment by filing 2020 income 'accidentally low', and later file a 1040-X?

If done intentionally, it would be fraudulent (regardless of how readily intent could be proved). Moreover, the amended 2020 return with increased income would involve recalculating the Recovery ...
nanoman's user avatar
  • 29.5k
3 votes

Should 1040-X be filed on changes that have no impact?

A frivolous return, roughly, is one that is so unresponsive, erroneous, or ridiculous that it can be presumed to be in bad faith. Sincerely correcting an error, even a minor one, is not frivolous. You ...
nanoman's user avatar
  • 29.5k
3 votes

Am I in trouble? I am a nonresident and received the stimulus money for COVID 19 from IRS in my tax return

The amount that you just received via direct deposit could be one of two things: First, it could be your actual tax refund. You would know if it is this because the amount you received should be the ...
Ben Miller's user avatar
  • 115k
3 votes

Can I use the standard single deduction amount on form 1040 line 9 (12,200) if I am filing a 2555?

YES if you are correctly filing 1040 (i.e. you are a US citizen or LPR = green-card holder, even though living elsewhere) you can take the standard deduction, and if your correct filing status was ...
dave_thompson_085's user avatar
2 votes

What are the tax treaties between USA and India which I can mention in 1040 NR-EZ Item J?

There's only one tax treaty (the Indo-US tax treaty). You need to check what else may apply to you (probably nothing else, but you need to check based on your personal circumstances).
littleadv's user avatar
  • 172k
2 votes

F1 student in US, correcting mistake in wrong tax form filed

Yes, you need to file form 1040X, and you need to attach all the forms that changed to it. In your case, you'll need to redo your tax return entirely since the base form you used (1040) is incorrect ...
littleadv's user avatar
  • 172k
2 votes

I filed my 2015 taxes with 1040 using TurboTax, but I am F1 student. How should I file for amendment

File 1040X. According to the part of 1040X instructions dealing with nonresident aliens, you can use 1040X if you filed the wrong form and need to file the right form. You would only fill out some of ...
user102008's user avatar
  • 17.1k
2 votes
Accepted

F1 - EAD OPT tax filing

If you're on F1 status then your days of presence are exempt from counting towards substantial presence test. Obviously you're neither a citizen nor a permanent resident in the US. As such - you're ...
littleadv's user avatar
  • 172k
2 votes

Filing 1040-NR when I have been outside the US the entire year?

Yes, you can still file a 1040nr. You are a nonresident alien and were: engaged in a trade or business in the United States Normally, assuming your withholding was correct, you would get a ...
Bishop's user avatar
  • 1,240
2 votes

Should 1040-X be filed on changes that have no impact?

A suggestion would be to complete a pro-forma 1040 or 1040-X with the corrected income and document for your records that there will be no change in the tax owed. Don't consider anything frivolous, ...
Thomas Perry's user avatar
2 votes
Accepted

Do I need to file an amended US tax return for a missing 1098?

I am assuming that this isn't a rental property. Is there likely to be any issue with getting flagged by the IRS because they already have the 1098 from the mortgage lender but I don't have it ...
mhoran_psprep's user avatar
1 vote
Accepted

Deductions for non-residents while filing US taxes

Yes, nonresident aliens are allowed certain itemized deductions. See Form 1040-NR Schedule A (which is on page 3 of the 1040-NR form) for a full list of which itemized deductions are allowed for ...
user102008's user avatar
  • 17.1k
1 vote
Accepted

How to get refund with 1040X on amended 1040NR?

For 3 years after the filing date, there's no such thing as "your negligence". You are allowed to amend your taxes using Form 1040X for any reason, or no reason at all. So if you see a deduction ...
Harper - Reinstate Monica's user avatar
1 vote

1041 not supported by tax software - file as regular and 1040X to adjust?

I talked this over with a relative who is a CPA, and she said that as long as the numbers end up on the Interest and qual/nonqual dividend lines on the 1040 eventually that it should be okay. So my ...
Joe's user avatar
  • 35.8k

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