Forgot To Claim Income....

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  • KBCsMommy
    Licensed Daycare Provider
    • Jul 2011
    • 392

    Forgot To Claim Income....

    Hi Tom!
    I was recently contacted by a daycare parent who only came a few weeks at the beginging of 2011 because they need mt tax ID for their taxes. I completely forgot about these people and I didn't claim the income from their child. Do I need to amend before April 15 to avoid tax penalties? I have already filed my taxes and received my refund.
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    income is income

    You should have reported this money as income. Since you have your refund, go ahead and amend. You have 3 years to amend.
    http://www.tomcopelandblog.com

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