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Chi6
New Member

tax due notice from IRS, CP501, after efile with Turbo Tax 2022

I just received form CP501 from the IRS stating taxes are due for 2022.  Also stated was interest for unpaid taxes dating back to 5/22/23, however I never received a notice of taxes due after filing. All taxes were paid as calculated by Turbo Tax for the 2022 tax year. The tax due notice does not specify why I owed more taxes that was calculated by Turbo Tax. Do I have any recourse other than to pay the balance requested by the IRS?

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tax due notice from IRS, CP501, after efile with Turbo Tax 2022

From this IRS site:

https://www.irs.gov/individuals/understanding-your-cp501-notice

 

Understanding Your CP501 Notice

What this notice is about

You received this notice because you have a balance due (money you owe the IRS) on one of your tax accounts.

View this notice and manage your communication preference online

Sign in to your Online Account to:

  • View and download this notice
  • Go paperless for certain notices
  • Get email notifications for new notices

What you need to do

  • Read your notice carefully. It explains how much you owe, when your payment is due, and your payment options.
  • Pay the amount you owe by the due date shown on the notice.
  • Make a payment plan if you can't pay the full amount you owe.
  • Contact us if you disagree by calling the toll-free number shown on your notice.
**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.**
Chi6
New Member

tax due notice from IRS, CP501, after efile with Turbo Tax 2022

I've been to the IRS site and my account. I called the IRS phone number referenced on the notice and the automated system provided a slightly different amount of taxes due. Because it was a weekend call I could not get a live person. Neither the automated system nor my IRS account has any information about why my taxes paid as calculated by Turbo Tax software was inaccurate. I would like to know in what area of the tax return there was an error. It may be possible that there was a missed entry, incorrect amount entered entered, or some other factor that caused this situation. I think it would be helpful to have additional specific information so that this does not repeat in future tax filings. 

tax due notice from IRS, CP501, after efile with Turbo Tax 2022

One thing,  If you had a tax penalty on 1040 line 38 that is only an estimated amount and it is common for the IRS to bill you for more.  

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