HAS ANYONE ELSE HAD THIS PROBLEM?
We received a valid IRS letter informing us we owe over @$2,000.00 in taxes versus a return of over $700.00. This is due to the Turbo Taxes Recovery Rebate Credit Worksheet, not a Federal Form. On line 14 it directed that $2,800.00 (the full amount of the Stimulus Payment be automatically entered on Lin30 of our Form 1040. This treated the $2,800.00 as a Tax Credit not as additional income, thus reducing our taxable liability and giving us a REFUND vs. the Tax Due to IRS.
We believe that TT's "100% Accurate Calculations Guarantee" warrants applicability for their error.
