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Retirement tax questions
Thank you for your reply.
>What year is the IRS notice about?
2021
>What are the exact amounts on Form 1040 lines 15 through 24?
Line 15 is taxable amount. IRS agreed with this number. The amount in line 16 is from Turbo Tax, and there are no numbers from 17 till 23. Hence the number in line 24 which is total tax is the same as line 16. IRS doesn't agree with this number. Turbo tax gave me $4603 (Turbo Tax must have looked at the tax table to figure out this number from line 15) but IRS said it was $7303, a difference of $2700.
>Does the IRS notice change or disagree with anything else anywhere on the tax return? Does it say that >anything is missing? Does it say why they think the total tax on line 24 is wrong?
IRS agrees with AGI, line 11 and Taxable income, line 15. And they disagree with line 24, Total tax.
The letter doesn't say why or how they came out with $7303.