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smw0517
New Member

Can I get help understanding why my Federal return was changed by IRS? Now I have a letter stating I owe instead of a refund.

 
3 Replies

Can I get help understanding why my Federal return was changed by IRS? Now I have a letter stating I owe instead of a refund.

A letter from the IRS will explain the adjustment. No point in us speculating. 

Can I get help understanding why my Federal return was changed by IRS? Now I have a letter stating I owe instead of a refund.

how much was the change?

 

In most, but but not all cases, the adjustment is related to the 3rd stimulus payment or the advance child tax credit. 

Can I get help understanding why my Federal return was changed by IRS? Now I have a letter stating I owe instead of a refund.

TurboTax does not get any information from the IRS after you file your tax return, so no one at TT knows why your refund was less.

 

You have not mentioned any specific amounts.  Sometimes we can make an educated guess as to the reason for your reduced refund if you mention specific amounts--for example if your refund was short by $1400---it is likely to be a mix up regarding the 3rd EIP payment.   If it is short by $1800 or  $1500 or  a multiple of that amount  ---   maybe a mixup regarding the advance child tax credit payments.   Or---the fees you were supposed to pay for using TurboTax + the "refund processing fee" charged by the third party bank….

Did you choose to have TT fees deducted from your Federal refund?  (Remember that if you did that, you also agreed to an extra refund processing fee of $39.99 or $44.99 in CA)

How can I see my TurboTax  fees?   

https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online

 

What is Refund Processing Service?

 

 

The IRS will send you a letter that explains why your refund was reduced.   Meanwhile it might help you to check your online IRS account.

 

 

https://www.irs.gov/payments/your-online-account

 

 

https://blog.turbotax.intuit.com/tax-refunds/why-is-my-tax-refund-not-what-i-expected-49240/

 

https://www.irs.gov/newsroom/questions-and-answers-about-the-third-round-economic-impact-payment-top...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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