KrisD15
Employee Tax Expert

Business & farm

Negative numbers are usually CREDITS, meaning if you owe tax and the next line you get the Earned Income Credit, the EIC amount will show as a negative.  It will be subtracting from the tax you owe. 

 

Why did you get a tax transcript? Did you ask for it or did the IRS contact you?

If the IRS contacted you, they would have sent you a letter, if they did, what did the letter say? 

 

 

 

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