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Author: nml Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121565  
Subject: More 1099 issues Date: 2/15/2013 6:39 AM
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Hey All,

On a recent thread about missing/not reporting a 'Cash in Lieu' transaction of $55, I received excellent instruction about how to proceed. Unfortunately, as I was looking into my return data and comparing it to the returns I prepared from earlier years, I realize how dumb I really am....Unfortunately I think I have uncovered several omissions in previous years (returns for 2009, 2010, and 2011). Anybody that wants to stop reading and go on to another thread is certainly excused (and I really don't blame you... some folks just need to let an accountant do their stuff....and one of them may be me)...none-the-less....

Anyway, the whole thread (though possibly not necessary for this question) is here:

http://boards.fool.com/gross-proceeds-1099-b-help-30541365.a...

As I looked closer at the documents/1099 from my E*trade taxable account (my only taxable brokerage account), I see there are dividend & distribution totals of about $6-7 a year (in each of the above mentioned years)...when I then open my saved efile pdfs, I see that I did not report them on my returns.. ie- did not report $6-7/year dividends in the years 2009, 2010, 2011 and 2012.

So, at this point...... do I need to

a) contact the IRS and discuss my error(s)
b) hire an accountant to fix this mess
c) figure out how to file amended returns for each of above listed years (I recorded and paid the taxes on all dividends for the years before 2009....have TT records from 2000-present)
d) ignore it all..OK, not the correct answer, but I'm feeling sad..

All answers or offered advice will be very much appreciated and of course any scolding or snickering will not be offensive to me in anyway...

many thanks in advance...

Mick
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