I thought I could handle my own taxes this year

I mean, I did my own return last week using some free software, and I was so proud of saving the $200 my old accountant charged. Got my refund super fast, spent some of it. Then yesterday, I got a letter from the IRS saying I missed a whole 1099 form from a freelance gig I did in October. I owe like $400 now, plus a penalty. Has anyone else messed up their taxes this badly and how did you fix it?

3 comments

3 Comments

the_stella1mo ago

Totally did that last year, missed a whole freelance payment.

hayden_martin291mo ago

Yeah, that's the worst kind of mistake. It's so easy to let one invoice slip through the cracks when you're busy. Gotta have a system, even if it's just a simple checklist.

sethb4526d ago

Miss one little 1099 and suddenly the IRS has a personal vendetta against you, right? Guess that refund money was just a loan from Uncle Sam with some lovely penalty interest tacked on. File an amended return, pay the piper, and next time maybe keep a shoebox for every scrap of income like a proper paranoid freelancer.