cncimhoff
New Member

I got a notice of deficiency for 2014. What to do next?

Out of the blue I got a cert letter from the IRS. In the break down in Adjustment to income...line 14.15.16 $2500 as a deficiency. Says penalties. But, I have no idea for what or why.. What is my next step. I did my taxes through turbotax from 2011-2015. Taxable joint income was 33k. $4700 was refunded. The IRS is already deducting $100 a month for 16 months for 2015 tax short fall for no insurance and deductible short fall. Married with 2 kids and struggling. The American dream! Can't wait for 2016 taxes!