Can't figure out why TurboTax assigned my social security input (from W2 downloads) to a schedule 3 form as excess social security tax -- and make us think we owed less. After talking with a TurboTax associate who said they could log in to my online tax form, they couldn't tell me what went wrong. "Maybe you typed something in wrong....."
So IRS contacted me next to tell me that the error that Turbo Tax initiated means that we in fact owed $8,000 more than we anticipated.
If we owed the money, so be it, but we were led to believe that our taxes were initially filed correctly. Now we also owe interest.
The cost of the interest and fees is about the amount that we would have spent on a CPA to do our taxes. What a waste!!!
