Situation:
- Only official income in 2015 was summer earnings from internship
- used free turbo tax and it said I should get all income returned to me
- I also contributed stupidly to the 401k while at my internship and at the end of the summer they ended the account and disbursed the small $400 amount that had accumulated
- found out day after I submitted via e-file that I needed to report this via a 1099-R
- now I have to re-file my taxes which requires me to print out tax returns and mail them and pay for $35 turbo tax deluxe
My questions is, can I just skip all the hassle and not refile? My income was low enough I highly doubt I will be audited. And the fact that I am re-filing means that I am wayyy more likely to get audited now right? I had scholarship income I wasn't going to report and now I feel like refiling might make them find that.
- Only official income in 2015 was summer earnings from internship
- used free turbo tax and it said I should get all income returned to me
- I also contributed stupidly to the 401k while at my internship and at the end of the summer they ended the account and disbursed the small $400 amount that had accumulated
- found out day after I submitted via e-file that I needed to report this via a 1099-R
- now I have to re-file my taxes which requires me to print out tax returns and mail them and pay for $35 turbo tax deluxe
My questions is, can I just skip all the hassle and not refile? My income was low enough I highly doubt I will be audited. And the fact that I am re-filing means that I am wayyy more likely to get audited now right? I had scholarship income I wasn't going to report and now I feel like refiling might make them find that.
Re-filing taxes