@LAR16 wrote:
We just received a notice from the IRS about Payment that is owed in regards to CP11 Notice. Looks like we owe ANOTHER $4k! We use TT every year, and we have never had any issues. We are trying to contact the IRS, but it's almost impossible. Now I'm trying to get help from TT, but that too seems impossible! HELP!!!
On your 2021 tax return did you indicate that you did Not receive the 3rd stimulus payment in 2021? If so, then the payments you were eligible to receive based on your 2021 tax return were entered on your Form 1040 Line 30 as a Recovery Rebate Credit.
The IRS has records showing that the stimulus payment was sent to you in 2021 so they removed the credit on Line 30 thereby changing the amount of taxes owed.
Go to this IRS website for your tax account to see if the 3rd stimulus payment is entered - https://www.irs.gov/payments/your-online-account
If you are Married Filing Jointly also check your spouse's tax account.
If you checked your bank account in the March - May 2021 timeframe and there is not a EIP3 payment from the IRS then go to this IRS website for how to start a trace on the payment - https://www.irs.gov/newsroom/questions-and-answers-about-the-third-economic-impact-payment-topic-j-p...
