Q&A: What happens if a tax form is disregarded while filing taxes? | Tax Form

by churl
Question by Kaytee: What happens if a tax form is disregarded while filing taxes?
I have received my W2 and 1099 forms, but my 1042S form got lost in the mail, was reissued, and was lost again. Since the tax deadline is approaching, should I just file with the forms I have and disregard the lost form? This lost form would have brought me more deductions, so I am the one who is at loss, not IRS.
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Best answer:
Answer by Sharon T
You can file without it but then should later amend your return to claim this withholding.
You may want to file for an extension and then just do the return correctly the first time–less time and trouble.
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Filed under Tax Form by on Mar 31st, 2011. Comment.
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Comments on Q&A: What happens if a tax form is disregarded while filing taxes? | Tax Form
I’m not a CPA, but I understand that any official tax form sent to you is also issued to the IRS. Unless that one also got lost in the mail, the IRS knows about it. If you choose to not use your deductions, they certainly won’t care. But.. why not just have them fax or scan/email it to you? As long as your letter is postmarked on the tax due date you’re fine.
If you will be due a refund and the 1042S would just give you a greater refund you can just wait and file anytime before Oct 15th. If you will be owing you can file an extension and send the amount that you will be owing after the 1042S is calculated into the return.
The 1042-S generally acts just like a W-2, so your belief that it would lower your tax bill is unjustifable.
Get an extension.