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Old 12-30-2007, 11:32 PM
Pearl Pearl is offline
Junior Member
 
Join Date: Jul 2007
Posts: 10
What can I do if some prior year 1099-MISC income was omitted from a 2006 tax return?

I forgot to include some capital gain transaction on my stock trades on my 2006 tax return. Should I be worried that the IRS will charge me substantial penalty charges and interest?
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