Question
2018 Schedules 4 and 5
I received a letter from the IRS stating my W-2 does not support an excess SS withholding.
Scenario - MFJ - Primary Taxpayer is a W-2 employee and spouse is self-employed Schedule C
Primary Taxpayer:
1. Contributed the maximum SS amount for 2018 as reported on the W-2 from current employer
2. TT created schedule 4 for the uncollected tax on life insurance benefit from the company where the primary taxpayer retired - Line 62 - code C for a total of $101 ($82 SS and $19 Medicare)
3. TT created schedule 5 - line 72 for the Excess SS in the amount of $82
Planning to call the IRS on 12/2/19 - has anyone else experienced a similar scenario?
