@Mfaherty1 wrote:
I need to know why my last two years of tax returns have been corrected by IRS AND REDUCED BY THOUSANFS IF DOLLARS WHEN CHECK, filed and paid for to Turbo tax??? and again this year the IRS had to correct my tax return all amounts entered were correct and I paid Turbo tax to check and file and agreed with Turbi tax it was correct and ready to file and and file yet they were in correct
TurboTax or any other tax preparation software can never know when the user enters incorrect tax data, omit entering tax data or answers a question incorrectly.
This tax year the IRS is seeing tens of thousands of incorrect tax returns being filed because of the Recovery Rebate Credit and the advanced child tax credits sent in 2021.
Taxpayers are indicating that they did not receive the 3rd stimulus payment in the March - May 2021 timeframe when the IRS has records showing that the stimulus payment was sent to the taxpayer. The IRS removes the Recovery Tax Credit on Line 30 of the tax return thereby reducing the tax refund or increasing the taxes owed.
Taxpayers are indicating they did not receive the advance child tax credit sent during the months of July thru December 2021. The IRS has records showing that the advance child tax credit were sent to the taxpayer so they reduce the amount of the child tax credit on Line 28 of the tax return thereby reducing the tax refund or increasing the taxes owed.
Does the IRS website indicate that you were sent less than what was reported on your federal tax return Form 1040 Line 34? - https://www.irs.gov/refunds
If so, how much less?
