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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Belated 1099 Date: 2/18/2001 8:44 PM
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"I mailed in my taxes, and three days later in limped a 1099 I didn't even know I had to look for. (It was a Lost Funds claim from New York). It was for a whopping total of $7.99"

So probably 28% of that, if that's your bracket, belongs to the IRS and less to the state.
Proper is to file form 1040X and amend your return. You only fill in what is changed; take you 5-10 minutes if you have your copy of 1040 in hand.
Will they catch it? Yes.
If you want to wait for them to tell you that you owe another couple bucks, fine.
Best wishes, Chris
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