Hello,
Background:
In March 2022 I filed for federal income tax extension. As part of the extension Turbotax calculated my estimated tax payment of about $4443, which I sent along with my extension.
In October I filed my tax return.
On Nov 9th I received tax refund in the amount of $4042.
On Nov 17th I received a CP24 Notice from IRS, which reads " We changed your 2021 form 1040 to match our record of your estimated tax payments, credit applied from another tax year, and/or payments received with an extension to file. As a result, you are due a refund of $4042."
I am reviewing my 2022 Tax transcript and what I am seeing
under "Other Taxes" section
The difference between "Federal Income Tax Withheld" and "Total Tax Liability TP Figures" is about $4042.
Under "Payments" section
I am seeing "Estimated Tax Payments" to be $4443.
So my question is, shouldn't I receive $4443 back as well since in an essence I had already over paid about $4042 in taxes and paid $4443 more in estimated taxes?
Thank you in advance for your response.
