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What do I do if I believe that Turbotax is making a mistake on my 2021 tax return? I have not filed yet, but there seems to be a mistake were I added my short and long term capital gains. I added my gains into turbotax correctly, and then my estimated return calculation at the center-top of the screen dropped about 3,000 dollars when it should have only dropped about 620. What do I do? I have also posted a question to the ttlec.intuit community yesterday after many hours of searching and research to make sure I put all my info in correctly.
Turbo Tax has me oweing the Feds $1,126.00 and doing the risk review with no issues. I recieved a letter from IRS stating they found a mistake on my return. The area was with the Recovery Rebate Credit. They state I now owe $2,946.00
LOTS of people have made mistakes this year with the recovery rebate credit by "forgetting" that they received the $1400 per person stimulus checks last year. They answered no to the questions for the recovery recovery rebate credit and put the $1400 per person on line 30 of their returns. But you cannot get it twice, so the IRS removes it when it is there by mistake.
Try checking your online account with the IRS
https://www.irs.gov/payments/your-online-account
Does the IRS show that you received a $1400 stimulus or EIP check in 2021? Did you receive it? When you were asked on your tax return did you say no? Was there $1400 on line 30 of your tax return?
If the IRS says you got $1400 last year but you did not receive it you can have it traced.
LOST THIRD STIMULUS CHECK
I received a notice from IRS that there was an error on my tax return. I talked with an IRS respresentative on 4/15/2022 and they advised that turbotax had given me a $2100 dollar credit on the stimulus package, which was an error. They also advised that they have had a number of complaints about turbotax and this problem. Turbotax said I was to get a $125.00 return and when the error was corrected I owed $1975.65. This is unacceptable and I feel that Turbotax should pay this amount for their program error. Advise me as soon as possible about your error. I have already paid the IRS as to avoid any further penalties or interest.
Allen [PII removed]
If your refund is short $2,100 then that is because you said you did not receive the 3rd stimulus payment and the IRS has records that show you were sent the 3rd stimulus payment so they removed the $2,100 Recovery Rebate Credit that was entered on Form 1040 Line 30.
You said I was out of the country I never said that
We need additional information to be able to assist you further. Where are you seeing this message?
I made big mistake on taxes. Forgot to put in our Social,Security income already filed is there any way to fix this?
@ASlrien46 WAIT for the IRS to process your tax return fully. After that you can amend using a Form 1040X to include the SS. Do not do anything until the return has been processed.
Yes, you can amend your tax return and add the income. @ASlrien46
If you have already filed your tax return and it was accepted, you need to amend your return to make this correction.
If you used TurboTax Online:
If you used our CD/download product:
Yes you made a mistake but they excepted it but sent me 2 letters to say there is a mistake. It's been over two months and I didn't receive anything yet. Tell me how to resolve this?
Yes
Not yet
Turbo Tax did not transfer state tax withheld on my state return
Tax year 2021-Turbo tax did not transfer state taxes withheld to my state return. What do I do now?
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