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Wendy Reed
Wendy Reed, Enrolled Agent
Category: Tax
Satisfied Customers: 3346
Experience:  15+ years tax preparation and tax advice.
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I E filed and it was accepted. After checking my return I found

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I E filed and it was accepted. After checking my return I found that I failed to include some dividend income. How do I correct this problem?

Thank you for giving me the opportunity to assist you. I will give the best answer that I can with the information provided.

 

Hello there,

Since your return is for all practical purposes filed, you will need to file an amended return to include the dividend income. It may result in an increased tax liability, or possibly not at all for the federal return--as some qualifying dividends are taxed at 0% if a person is in the 15% tax bracket.

 

The amended return is Form 1040X. http://www.irs.gov/pub/irs-pdf/f1040x.pdf

 

Please let me know if you need additional assistance.

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