Homebrewale
Old Mossy Horns
I received a late 1099-DIV after I had already filed my taxes. So I did my patriotic duty and filed an amended return. The new dividends increased my income tax by $30. Since it was foreign dividends, I had a $29 foreign tax credit. So my net increase in taxes was $1. I printed out the 1040X form, attached the appropriate documentation and included a check for $1.
The government will probably spend a couple hundred dollars processing all the paperwork and cashing the check.
The government will probably spend a couple hundred dollars processing all the paperwork and cashing the check.
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