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Yes, this means that this is a tax payment that needs to be made in your tax return thus reduces your tax refund for the year.
Thank you. But for clarification. Will the payment be made automatically through Turbo Tax or do I have to print off the form and mail in the payment directly? My refund was displayed as reduced so I'm hoping this is all done through the Turbo Tax software and I do not need to do anything else.
Right. It is included in your tax return. It either reduces your refund or adds to a tax due.
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