Legal Question in Tax Law in Alabama

My Refund was too big...

I received a 1099 for interest income after filing and receiving my refund. Turns out, I failed to report about $50 in interest income. Consequently, my refund was $7 higher than it should have been. Is this enough to worry about?


Asked on 3/25/07, 6:21 pm

1 Answer from Attorneys
Chip Browder Hubbard, Smith, McIlwain, Brakefield & Browder, PC

Re: My Refund was too big...

Was the 1099 mailed to you after February???

if you filed earlier, then you should file an amended return and pay back the $7.00

if you got the 1099 info late, then you might simply await a follow up letter from IRS if one is sent asking for the difference back, otherwise I would think you would be alright not worrying about this small amount. Have a blessed week and Joyous Easter, kindest regards, Chip

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Answered on 4/02/07, 10:54 am


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