I am self employed and filed last March expecting a significant refund. I've yet to receive it. In looking at my return I appear to have paid the full self employment tax although there is an item in Schedule C line 12e as you described above. In August I got a form letter from the IRS (letter3064c) telling me about the employer's share of Social Security tax due, zero for 12/31/21 and $503.88 DUE 13/31/22. It also states I reported a deferral of $503.88 on Schedule H of my return. There is no Schedule H on my return.
I've tried multiple times and avenues to contact the IRS but without success. HELP!
Turbotax can not and doesn't have the ability to contact the IRS on your behalf. the reference to schedule H is because it's a generic form that covers both schedule H and SE though a taxpayer may have 1 but not the other
look at schedule SE line 26. this is the amount deferred. this carries to schedule 3 line 12e not schedule C line 12e. we can't see the letter. actually, the payment for 21 (50%) was deferred until 1/3/2022 and for 22 (505) until 1/3/24. for further assistance try contacting Turbotax support
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I wasn't sure anyone got it on the other thread (I didn't get a response) so I thought I'd start fresh. Any thoughts on the question?
OK you're entitled to start your own thread after trying on some other pre-existing thread.
one half of the amount on Schedule C line 12e is due now, and the balance next December.
You can pay it all now and be done with it.
there is some ambiguity in the instructions/process so don't rush to pay.
If you do not pay by the 31st, you should be getting a bill.
Turbotax can not and doesn't have the ability to contact the IRS on your behalf. the reference to schedule H is because it's a generic form that covers both schedule H and SE though a taxpayer may have 1 but not the other
look at schedule SE line 26. this is the amount deferred. this carries to schedule 3 line 12e not schedule C line 12e. we can't see the letter. actually, the payment for 21 (50%) was deferred until 1/3/2022 and for 22 (505) until 1/3/24. for further assistance try contacting Turbotax support
5am-5pm Pacific Time (8-8 Eastern) Monday - Friday
https://support.turbotax.intuit.com/contact
800-446-8848
Look at schedule SE line 26... this is the amount that was deferred... this carries to schedule 3 line 12e.
So did you originally have a refund on the return and the IRS kept it ? If so it paid down the deferred SE taxes which could be why the IRS says you don't owe anything this year.
Early in the season the TT program was incorrectly allowing users defer SE taxes and still get a refund but the IRS stopped the refund and paid down the deferred SE taxes so there was less to defer to 2022.
Thanks Mike, this was helpful.
I hate to get so specific but I think I must. Line 26 of Schedule SE shows $8,537. It then refers to Schedule 3 line 12e which shows $5,328.
Neither match up with the IRS letter which refers to $503.88 due 12/31/2022. You are right though, in reading the letter closely the refer to both Schedule H and SE, it really threw me when the letter referred to employer's share of Social Security tax but I guess they're trying to kill two birds with one stone.
At this point I guess I'll just pay the $503.88 and have done with it.
Thanks.
When you are SELF employed you are the employee and the employer and you have to pay the SE taxes for both sides of the equation.
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