I efiled my 2020 taxes before the due date of May 17, 2021. State and IRS accepted the returns. Since I owed the IRS, I inputted all the bank information for the withdrawal to take place. Observing my bank account, the owed money was withdrawn! For the state, I recieved refund. So I know I inputted the information via turbo tax correct.
The last week of May, apparently the IRS mailed me a Form 4870 that I receieved on the first week of June. Initially thought this was a scam. Then rechecked my bank account, and low and behold, the money was put back after a few weeks in the ether and was placed back in the first week of June. The 4870 stated "RETURN: CHECK TRUNCATION ENTRY RETURN".
How is this possible? I never have been late with a payment over the last several years using turbo tax and have always used turbo tax to facilitate everything.. that is why I use Turbo Tax.
Even after visiting the IRS website, I re-sent the payment and this time it was done via their website and not throught turbotax. Then I get another notice that they missed tacking on interest charges. Thank you IRS! [sarcasm]
I am not understanding how this happened and on top of that i am being penalized.
