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Retirement tax questions
I also received a letter from the IRS for underpayment of my social security taxes. The glitch in the TT software combined my wife's income as mine and as a result capped the social security taxes and underestimated my tax liability. The glitch is present in both the 2022 and the 2023 software. TT's reply is that i made the mistake of not properly identifying my wife income as hers but I've been doing my taxes for the past 40 years and never had that issue and I know for a fact that when I reported my spouse's income as hers and not mine. TT is trying to avoid this liability by blaming it on the user when in fact it is a software error that should have been admitted and not denied to avoid paying interest and penalties assessed by the IRS. I will never ever use their software again as they caused me more distress and i'm pretty sure millions of others similar to my situation.