Hi everyone,
I just received a letter from the IRS stating that they have adjusted the amount claimed for the nonrefundable Child Tax Credit, and have charged me an additional $2,000. According to the IRS, the adjustment is due to an incorrect amount based on the number of boxes checked on page 1 of my tax return.
From what I understand, the box labeled "Qualifies for Child Tax Credit" on page 1 wasn't checked, but the credit was still applied on page 2, line 21. It's odd that TurboTax didn't catch this.
What is the best way to resolve this issue?