Q: I just submitted my 2018 tax return yesterday. I forgot to add a 250 dollar 1099 misc amount in the return
Should I wait for the IRS to contact me or should I completed a 1040x amended return. I have read online both answers.
A:
If you amend and pay the difference you can resolve it now.
If you wait for a letter from the IRS there will be interest and penalties.
You should also calculate the tax that would be owed so you know what you're looking at as far as payment interest, and penalties.
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