IRS notice

Forum|Forum|3 years ago
November 20, 2022
10 replies
18 views

I filed my taxes using Turbo Tax. I just received a notice saying I owe more taxes. The noticed stated that 1040 line 15 taxable Income was the same for Turbo Tax and the IRS. Turbo calculated the taxes owed at $5260 and the IRS had the at $5545. Why is Turbo tax different from the IRS tax calculation?

DoninGA

Level 15

Look at your federal tax return Form 1040 Line 16. Are there any boxes checked for Line 16 indicating the taxes were calculated on a different form? Such as Form 8814, Form 4972 or QDCG?

Jane63Author

Level 2

There are NO boxes checked on line 16

DoninGA

Level 15

@Jane63 wrote:

There are NO boxes checked on line 16

OK...thanks.

Back on the Form 1040, did you enter any Qualified Dividends on Line 3a? Or did you have capital gains reported on Line 7? If so, then the taxes were calculated using the Qualified Dividends & Capital Gains Tax Worksheet and not the IRS tax tables.

NCperson

Level 15

@Jane63 were there any other details from the IRS on how they calculated the return? TT would have calculated the tax the exact same way. Did the IRS adjust something else. For example, did you have any 1099-NEC forms? that is self employed income and if you inadvertanly posted it as W-2 income, then TT would have under reported the tax on Line 16

Critter-3

Level 15

If you purchased Audit Defense for your tax return, call TaxResources, Inc. at 877-829-9695, or report your IRS letter on their web site. http://intuit.taxaudit.com/ Do not contact the IRS until you have spoken to TaxResources. They may contact the IRS on your behalf.

If you did not purchase Audit Defense, you can get help with your IRS letter from TurboTax at the following link.

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