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After you file
I have this problem as well. TT desktop says I get a Fed refund of ~1,300. I just received a letter from IRS saying I owe ~500 plus interest. The letter says, "We changed the amount claimed as Recovery Rebate Credit on your tax return..."
They supplied 5 possible reasons. The only one that applies is, "The amount was computed incorrectly. Why would TT compute the wrong number when my software is up to date? I'm concerned I can't trust TT any longer.
Who do I believe, the IRS or TT? Please help me understand how to best deal with the IRS. Should I pay, or trust TT and fight the IRS?
John
May 23, 2022
4:54 PM