I received a notice from the IRS stating they had changed my 2020 tax return in the area of the Recovery Rebate Credit. The notice did not specifically state a reason for the change, but instead stated the "error" was in one or more of the following areas:
- The SS number of one or more of the individuals claimed as a qualifying dependent was missing or incomplete. I have no qualifying dependents; none were listed.
- The last name of one or more individuals claimed as a qualifying dependent was missing or incomplete. I have no qualifying dependents; none were listed.
- One or more individuals claimed as a qualifying dependent exceeds the age limit. I have no qualifying dependents; none were listed.
- The amount was computed incorrectly (683D). By process of elimination, this must be the reason for the change made by the IRS for the amount claimed as the Recovery Rebate Credit on my 2020 tax return. But I do not understand why? I received $1,353.00 for the 1st Economic Impact Payment and no other payments. This amount is correctly included in the Recovery Rebate Worksheet and is the ACTUAL AMOUNT RECEIVED, this is not an estimated amount, additionally, this amount both matches the IRS website information and my bank account EXACTLY. In addition the AGI for 2020 was <$150,000 (MFJ). What am I missing here? The only variable in the computation of the Recovery Rebate Credit is the amount of EIP received. It appears that either the TurboTax program is wrong, or the IRS is wrong. If I am wrong, please point out to me where I am wrong based on this information.
Please don't suggest that I contact the IRS and discuss - I have been trying for two days continuously and equally, I have received a recording each time that all agents are busy and that I should call back the next day. There isn't even an option to stay on the line for the next available agent. On the CP-11, the only course of action for disagreeing with the recalculation of the credit is to call the IRS (see previous sentence). What is TT and Intuit going to do to substantiate FOR ME that the computation is correct? Thanks.
