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Deductions & credits
The IRS and TT are complicit on a error starting in either 2009 or 2010 of a tax credit carryover that is incorrect in the TT returns. So several of us have been audit on the year that the tax credit was the highest, most typically 2018 or 2019. This is a real audit that we can tell. This carry forward has been in these returns and originated from what looks like TT took some income and turned it into a tax credit. Several members on this forum have contacted attorneys for a class action suit. TT is considering it user entry error and have refused to do the right thing and to at least pay the penalties and interest. It is egregious behavior by TT.
‎December 6, 2021
11:26 AM