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puzzmo
New Member

We received a billing notice variance from 2014 Ohio dept. of taxation stating we owe money. Need help

The issue involved is Schedule B Nonbusiness Credits. Lump sum retirement credit not allowed
2 Replies
Critter
Level 15

We received a billing notice variance from 2014 Ohio dept. of taxation stating we owe money. Need help

If you purchased Audit Defense for your tax return, call Tax Resources, Inc. at (877)-829-9695, or report your notice on their web site at http://intuit.taxaudit.com/. Do not contact the IRS. Let Tax Resources contact them for you.

This is the membership email you should have gotten: https://ttlc.intuit.com/questions/1901569-when-will-i-get-my-audit-defense-membership-kit

Also read the member agreement at this website -https://turbotax.intuit.com/corp/auditdefense.jsp


If you did not purchase Audit Defense:


TurboTax has a special phone number for help with IRS tax letters, which will be easier than going through regular Customer Support.   At the page below, click on the blue button that says "Get Help from TurboTax Support".  Then it will ask you what tax year is your letter.  Then it will ask you what the letter concerns. Then it will show you the phone number during posted business hours.

https://support.turbotax.intuit.com/irs-notice/audit-support/


Hal_Al
Level 15

We received a billing notice variance from 2014 Ohio dept. of taxation stating we owe money. Need help

Lump Sum Credit. Most people here who ask about it are not eligible. For example, leaving your employment and cashing out your 401k does not qualify.

 

There are two separate OHIO lump sum credits. One, the "Lump Sum Distribution Credit is only for people over 64 and you must have taken out everything in the company plan  and you must have left the company.

 

The other, the Lump Sum Retirement Credit, is for any age but you must have actually retired from your company, and taken your entire account as a lump sum.

 

See page 27 at http://www.tax.ohio.gov/portals/0/forms/ohio_individual/individual/2015/PIT_IT1040_Booklet.pdf

 

 Or for the detailed nitty gritty:

 

http://www.tax.ohio.gov/portals/0/forms/ohio_individual/generic/PIT_LumpSum_FI.pdf

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