1099-MISC not sent in

[annP231]

NJ
I am trying to help out a relative with a tax return. While doing so I believe there may be an error in their 2005 return for income that was reported on a 1099-MISC box 7. The income was probably part of a severance agreement as the company was being dissolved. No taxes were withheld and I can't see that it was listed on the return. Should I encourage them to file an amended return for 2005? Is there ever a situation where the 1099-MISC box 7 amount would not be taxed?

 

[davew128]

Is there a REASON why the 2005 return is relevant now?

 

[annP231]

I guess that is my question. I found it by sorting out papers and attaching them to their old returns. I have never done an amended return before.

 

[davew128]

Then I would offer this advice: Don't.