Question: As a tax preparer, if your client informs you that he received an additional 1099 reporting dividend income after he filed his return, the best

As a tax preparer, if your client informs you that he received an additional 1099 reporting dividend income after he filed his return, the best thing you can do in this situation would be to amend the return. This would only be an option if the taxpayer catches this and informs you before the IRS contacts him and starts charging interest and penalties to the taxpayer. If you can amend the return shortly after he files and the IRS has not contacted him yet, you can amend the return by filing a 1099-X to report the additional dividend income. Amending the return is just correcting the previous retum and filing it again, and when you do amend the return, make sure you include a copy of the originally filed form, n this case, the 1099-DIV that originally did not include the additional dividends

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