The 3rd Amendment this year!

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Subject Author Date The 3rd Amendment this year! sandybeth 04-18-2009  Re: The 3rd Amendment this year! Arthur Kamlet 04-18-2009  Re: The 3rd Amendment this year! removeps-groups@yahoo.com 04-18-2009  Re: The 3rd Amendment this year! Mark Bole 04-18-2009  Re: The 3rd Amendment this year! MyVeryOwnSelf 04-20-2009  Re: The 3rd Amendment this year! Mark Bole 04-20-2009  Re: The 3rd Amendment this year! MyVeryOwnSelf 04-21-2009  Re: The 3rd Amendment this year! Mark Bole 04-21-2009  Re: The 3rd Amendment this year! DF2 04-22-2009
Posted by sandybeth on April 18, 2009, 4:10 pm Please log in for more thread options Why can't these brokerage firms get their numbers correct the first time??? Every year I have to file at least 1 amended return, this year I filed 2. TODAY--April 18th--I received yet another corrected statement from ETrade. They over-reported our qualified dividends by $23.00. Instead of 175, they are 152. At 15% tax rate, that makes the tax difference $3.30. Do I really have to file ANOTHER amended return for this small of a difference? Sandy -- << ------------------------------------------------------- >> << 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 (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on April 18, 2009, 4:16 pm Please log in for more thread options >Why can't these brokerage firms get their numbers correct the first >time??? Every year I have to file at least 1 amended return, this >year I filed 2. TODAY--April 18th--I received yet another corrected >statement from ETrade. They over-reported our qualified dividends by >$23.00. Instead of 175, they are 152. At 15% tax rate, that makes >the tax difference $3.30. Do I really have to file ANOTHER amended >return for this small of a difference? For $3 I would not bother to amend. It costs the IRS about $35 to process each amended return. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- >> << 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 (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by removeps-groups@yahoo.com on April 18, 2009, 5:41 pm Please log in for more thread options On Apr 18, 1:16 pm, kam...@panix.com (Arthur Kamlet) wrote: > For $3 I would not bother to amend. It costs the IRS about $35 > to process each amended return. That seems cheap. How do they do it? Wouldn't it depend on the complexity of the return? -- << ------------------------------------------------------- >> << 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 (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Mark Bole on April 18, 2009, 8:22 pm Please log in for more thread options removeps-groups@yahoo.com wrote: > On Apr 18, 1:16 pm, kam...@panix.com (Arthur Kamlet) wrote: > >> For $3 I would not bother to amend. It costs the IRS about $35 >> to process each amended return. > > That seems cheap. How do they do it? Wouldn't it depend on the > complexity of the return? And the degree of accuracy, and speed. All three factors are part of the cost/benefit equation. I suspect there are more, for example tax year and refund or balance due on the new version. -Mark Bole -- << ------------------------------------------------------- >> << 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 (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by MyVeryOwnSelf on April 20, 2009, 5:59 pm Please log in for more thread options >> ... that makes >>the tax difference $3.30. Do I really have to file ANOTHER amended >>return for this small of a difference? > For $3 I would not bother to amend. It costs the IRS about $35 > to process each amended return. What about $193? It seems too large to ignore, but I have no comparisons, and haven't seen any IRS information about a lower limit. If the state return is amended also, that would be $60 extra. It seems sensible to amend it because if only federal is amended, the state carry- forwards to 2009 would be different from federal ones (capital loss carry- forward in this case), which sounds messy. -- << ------------------------------------------------------- >> << 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 (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted K-1 as an Amendment April 3, 2007, 2:07 am Efile amendment April 13, 2009, 11:02 am Excess Distribution - report income in current year or next year? March 30, 2007, 3:56 am Are property taxes deductible in the year paid or the year due? 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