I received notice from IRS regarding credit for prior year minimum tax. They want to verify eligibility for tax taken on Form 8801. They state that records show no prior year amt taken. According to form 8801 I have carry forward amount. How should I respond to IRS.
@Romo2 , Call the number shown on your notice (a) to confirm that this is legit and (b) to ask why they could not look up the transcripts from past years . If all turns out correct and you actually were subject to AMT and eligible for credit for the year in question, send them copies of the returns by traceable mail ( delivery confirmation ) and wait / follow up .
@pk how do you know the number on the notice is legit? if the notice is a scam the phone number is not to the IRS.
that leaves the taxpayer calling the IRS general number 800-829-1040
or
contact a local office of the IRS
or
using Audit Defense
The Audit Defense service is provided by TaxResources, Inc., also called TaxAudit.com, in partnership with TurboTax. If you paid for Audit Defense and you received an IRS notice, call TaxResources, Inc. at 877-829-9695, or report your IRS notice on their website at http://intuit.taxaudit.com/. Do not contact the IRS until you have spoken to TaxResources. They may contact the IRS on your behalf.
or a tax pro.
@Romo2 , I agree with @Mike9241 on that if the notice is fake, the contact number may be suspect for sure. However, and even with my error, any notice from the IRS these days is suspect. Thus :
1.please go through the notice to make sure that it makes sense ( compared to the return in question; then call the IRS general telephone number to make sure that this is a legitimate notice and that they really need this information from you.
2. thereafter, provide them the info they need to perform the desk audit.
Given what you have described so far of the situation, you should not have to spend monies getting a tax professional or the services of "Audit Defense.. " as mentioned by @Mike9241 . I say this because this is not a tax law issue at all -- just whether you are eligible for earlier paid AMT credit. Just documentation is all they need.
Sorry for the confusion
The IRS and TT are complicit on a error starting in either 2009 or 2010 of a tax credit carryover that is incorrect in the TT returns. So several of us have been audit on the year that the tax credit was the highest, most typically 2018 or 2019. This is a real audit that we can tell. This carry forward has been in these returns and originated from what looks like TT took some income and turned it into a tax credit. Several members on this forum have contacted attorneys for a class action suit. TT is considering it user entry error and have refused to do the right thing and to at least pay the penalties and interest. It is egregious behavior by TT.
it may be. several OPs have posted that attornies they've contacted have declined to take on a class action. so whether you'll ever be able to find an attorney that will do so is an important issue. I am not a lawyer. the question I ask is there a statute of limitations that's running for either a class action or personal lawsuit. if so, and they run (expire), then likely no lawsuit can ever be brought. maybe that's what Intuit is depending on so it is denying claims.