You'll need to sign in or create an account to connect with an expert.
When you filed your 2020 Self Employment return with TurboTax you were directed to a screen that asked if you wanted to defer Social Security taxes. If you answered No, then the taxes were not deferred. If you answered Yes, then the taxes were deferred.
If you had taxes deferred on a W2, then the employer made that choice for you and the employer will deduct those taxes from your future earnings and pay back the deferral.
" I never requested for the deferral,"
Evidently you answered the turbotax question unknowingly.
I was asked to pay the Cares Act deferred payment of the employer’s share of Social Security taxes? This is an error that was calculated by the tax preparer. How can I get this resolved?
If your tax preparer made an error, contact the tax preparer to resolve it.
However, if part of the self-employment tax on your tax return was deferred, you have to pay the tax, even if deferring it was an error. It is tax that you owe. If you had not deferred it, you would have had to pay it when you filed your tax return. If deferring it was an error, the result of the error was just to delay paying tax that you had to pay anyway. It's not extra tax. On your 2020 tax return the deferred tax appears as a refundable credit on Schedule 3 line 12e.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
WyomingClimber
New Member
Gary2173
New Member
hz-1976
New Member
bradley-e-stark
New Member
kdfishing
New Member