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Get your taxes done using TurboTax
The software only detects the data such as income and expenses that were incorrectly entered, and yet income tax return may electronically be filed and accepted by the IRS. Any tax software will not be able to filter if you were using the correct form for the specific transaction,
Self-employed taxpayers can take advantage of a CARES Act provision that allows them to defer one-half of the social security portion of self-employment tax attributable to net earnings from self-employment for the period March 27, 2020 through December 31, 2020. Since IRS corrected it for you, you don't have to do anything.
March 9, 2021
5:58 PM