All Posts

"I went back into TT and corrected the Roth conversion part of the return. "   What is the correction that you had to make? Does Form 8606, which suddenly appeared, properly reflect that correction.?     We can't see your tax return.   @madkiwis   

You should contact your employer's Payroll Department to find out what EXMD tax is in box 14. Employers use box 14 to enter a variety of information and those entries don't affect your income tax return. TurboTax provides you with a dropdown menu of codes you can choose for your W-2 box 14 entry.  If what’s in box 14 doesn't match a dropdown code, select Other for the code in box 14.    For more information, review the TurboTax article What is box 14 on my W2 for?

RobertB4444: PS - I looked back to the year my husband changed employers, and Turbo did use Schedule 3 Part II line 11 that year with no form 8959! Very suspiciously, that year caused a 22-month battle with the IRS when they reduced my refund stating: "We changed the amount claimed as excess social security tax withheld or tier 1 RRTA withheld on your tax return because you incorrectly calculated the excess amount. (294D)" This despite resubmitting copies of W-2s from 2 different employers clearly showing far too much total SS tax withheld. This was straight employer overlap withholding since neither employer paid even close to the $200K threshold for withholding "excess". I hope this information proves helpful!

You have to file an amendment but wait until your tax return is fully processed and you receive your refund or your balance due is deducted from your account.  When you do your amendment to add your K-1 TurboTax will calculate your new refund or balance due based on your additional income. I   For more information and instructions, review the TurboTax articles How to Correct Federal Tax Returns, How to File an Amended Tax Return with the IRS and Video: How to Amend Your Tax Return.  

The pending status means that your state return hasn't been accepted or rejected yet.  ‌ Review the TurboTax article Why is my state e-file still pending? for more information.   You can also visit your state’s Department of Revenue for more information.  ‌ Review the TurboTax article How do I contact my state's Department of Revenue? for more information.  

You have to initiate a refund trace through the IRS.    IRS Refund Inquiries   Use Where's My Refund, call the IRS at 800-829-1954 and use the automated system, or speak with an agent by calling 800-829-1040 (see telephone assistance for hours of operation). However, if you filed a married filing jointly return, you can’t initiate a trace using the automated systems. Download and complete the Form 3911, Taxpayer Statement Regarding Refund PDF or the IRS can send you a Form 3911 to get the replacement process started. Your claim for a missing refund is processed one of two ways:   If the check wasn't cashed, you'll receive a replacement check once the original check is canceled. If the refund check was cashed, the Bureau of the Fiscal Service (BFS) will provide you with a claim package that includes a copy of the cashed check. Follow the instructions for completing the claim package. BFS will review your claim and the signature on the canceled check before determining whether they can issue you a replacement check. The BFS review can take up to six weeks to complete.