I've been following this discussion with great interest because I'm in an almost identical situation! I have a full-time job at a healthcare facility and work maybe one or two shifts per month at a retail pharmacy where I used to work full-time, mainly just to keep my pharmacy tech certification active and maintain my employee discount on prescriptions. When I filled out my W-4 for my healthcare job, I also checked that multiple jobs box thinking I was being completely transparent. But looking at my paystubs compared to my colleagues in similar positions, I'm definitely having way more withheld - probably around $140-160 extra per month. Your Target situation sounds even more minimal than mine in terms of frequency. If you're only working one 8-hour shift every 10 weeks, that's incredibly infrequent compared to what that checkbox is designed for. Based on all the success stories in this thread, it really seems like unchecking that box and adding just a small amount on line 4c is the way to go. I'm planning to calculate my expected annual income from my pharmacy shifts (probably around $800-900 for the year) and add about $6-8 extra per paycheck to cover the tax liability. That should give me back most of that overwithholding while ensuring I'm still covered come tax time. Thanks for asking this question - it's been so helpful to see that so many of us are dealing with this exact scenario and that there's a clear, proven solution!

I'm in a really similar boat! I have a full-time job at an accounting firm and work maybe one shift every couple of months at a local restaurant where I used to work - basically just to help them out during really busy nights and keep my serving skills sharp. When I filled out my W-4, I also checked that multiple jobs box because I thought I was being thorough and honest. But after reading through everyone's experiences here, I'm realizing I've been making the same mistake as so many others. My restaurant shifts probably only add up to maybe $400-500 for the entire year, which is nowhere near substantial enough to justify the aggressive withholding that box triggers. Looking at my paystubs compared to coworkers in similar tax situations, I'm probably having an extra $120-140 withheld each month. That's a huge hit to my take-home pay for what amounts to very occasional side income. I'm definitely going to follow the approach that's worked for everyone else here - uncheck that multiple jobs box and add maybe $3-4 extra per paycheck on line 4c to cover the minimal tax liability from my restaurant work. Based on all the success stories in this thread, that should give me back most of that overwithholding without creating any problems at tax time. Thanks for posting this question - it's so reassuring to know that so many people have dealt with this exact situation and found a solution that actually works!

Anyone have experience with using TurboTax for reporting a small 1099-MISC like this? I'm wondering if it's worth paying for the upgraded version just for one small form.

Just want to add that you should also check if the company issued any corrected versions of the 1099-MISC. Sometimes companies realize they made errors and send out corrected forms (1099-MISC-C) but people miss them or they get lost in the mail. Since you found the payment in your bank statements, you're all set to report it normally. But if you're still unsure about anything, the IRS has a pretty good FAQ section on their website about 1099-MISC reporting that covers most common scenarios like delayed payments and corrections. Way easier than trying to get them on the phone during tax season!

I understand the anxiety you're feeling - tax mistakes can be really stressful even when they're small! For a $200 underreporting on $40k income, you have a few solid options that others have outlined well. My recommendation would be to file Form 1040-X to amend your return. While some suggest waiting to see if the IRS catches it, being proactive shows good faith and gives you peace of mind. The amendment process is straightforward, and for such a small amount, any penalties would likely be minimal or waived entirely. The key things to remember: 1) This was an honest mistake, 2) You caught it quickly after filing, and 3) The amount is very small relative to your total income. These factors all work in your favor. If you're concerned about completing the amendment correctly, consider using one of the tools mentioned above or speaking with a tax professional. But don't lose sleep over this - the IRS deals with corrections like this constantly, and they understand that honest mistakes happen!

I've been through this exact situation and want to offer some reassurance - you're handling this the right way by addressing it quickly! A $200 underreporting on $40k income is definitely in the "honest mistake" category that the IRS sees regularly. I'd recommend going ahead with the Form 1040-X amendment. Even though some suggest waiting for a potential CP2000 notice, filing the correction yourself demonstrates good faith compliance and gives you control over the timeline. Plus, you'll have peace of mind knowing it's resolved rather than wondering if/when the IRS might catch it. The additional tax liability will likely be minimal (probably $24-48 depending on your tax bracket), and penalties are often waived for small, clearly unintentional errors like this - especially when you self-correct promptly. One tip: when you file the 1040-X, make sure to pay any additional tax owed with the amendment to minimize interest charges. The whole process is much more routine than it feels when you're in the middle of it!

I'm dealing with a similar situation right now and wanted to share what I learned from my tax preparer. One thing that hasn't been mentioned yet - if your LLC has been operating as a partnership but you've been filing as a sole proprietorship (Schedule C), the IRS might also flag this as an entity classification issue. Make sure when you file your 1065, you're consistent about your entity election. If you never filed Form 8832 (Entity Classification Election), the IRS defaults multi-member LLCs to partnership status, which is why you need the 1065. Also, don't forget about your state requirements! Most states require separate partnership returns too, and those penalties can add up. Some states are more forgiving than others with penalty abatement, but you'll want to check your specific state's requirements. One more thing - if you have any business bank accounts, make sure the income/expenses on your 1065 match your bank records. The IRS can cross-reference this, and inconsistencies might trigger additional scrutiny. Good luck getting this sorted out!

Don't stress too much - this is actually a pretty common mistake for new LLC owners! The good news is that the IRS has specific provisions for situations exactly like yours. Here's what you need to know about penalty relief: **First-Time Penalty Abatement (FTA)** is your best friend here. Since you filed your personal taxes on time and this appears to be your first business filing penalty, you have a strong case for getting the penalties completely waived. The key is being proactive - file your 1065 immediately and include a penalty abatement request with your submission. **Quick reality check on penalties:** Yes, it's $210 per partner per month, but don't let that number paralyze you. Many first-time business owners successfully get these penalties reduced or eliminated entirely through FTA. **Your reasonable cause statement should include:** - This was your first year operating as a partnership - You demonstrated good faith by filing your personal return on time - You're taking immediate corrective action upon discovering the requirement - You had no prior knowledge of the 1065 filing requirement The fact that you already filed your personal taxes actually works in your favor - it shows you're not someone who ignores tax obligations, you just genuinely didn't know about this specific requirement. File that 1065 this week and you'll likely be fine!

Has anyone here actually filed with a mix of 1042-S and 1099 forms from different brokers? I'm in the same boat and I'm afraid it might trigger an audit! I'm using TurboTax and it doesn't seem to handle this situation well.

I've been through this exact situation! As an F1 student, you should generally be receiving 1042-S forms from all brokers, not 1099s. The difference comes down to how each broker classified your tax status when you opened your accounts. When you opened your Robinhood account, you likely filled out a W-9 form (or they incorrectly assumed you were a U.S. person), which is why they issued a 1099. With TDAmeritrade, you probably completed a W-8BEN form declaring your foreign status, which is why they correctly issued a 1042-S. For your tax filing, you should report the information exactly as provided on each form. The 1042-S doesn't itemize individual transactions because it's focused on reporting income subject to withholding (like dividends) rather than capital gains. However, you're still required to report all your capital gains and losses on Schedule D and Form 8949, even if they're not detailed on the 1042-S. You'll need to manually track your TDAmeritrade trades using their transaction history in your online account. It's tedious with 60+ trades, but necessary for proper reporting. I'd also recommend contacting Robinhood to update your tax classification for future years so you receive consistent forms from all brokers.