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The IRS believes I underpaid in 2019 and now I owe them $9k, $1500 of which is a penalty. Do I have any recourse?

 
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The IRS believes I underpaid in 2019 and now I owe them $9k, $1500 of which is a penalty. Do I have any recourse?

I RECEIVED A LETTER FROM THE IRS/STATE

 

 

TurboTax does not receive any information from the IRS or your state after your return was filed, so no one at TurboTax knows about a letter you received from the IRS or the state.

 

(what the letters from the IRS mean)

I GOT A LETTER FROM THE IRS   

https://ttlc.intuit.com/questions/3605673-i-got-a-letter-or-notice-from-the-irs

 

 

I AM BEING AUDITED

If you purchased Audit Defense:

https://ttlc.intuit.com/questions/2924451-i-bought-max-or-audit-defense-and-now-i-m-being-audited

 

AUDIT SUPPORT

 

TurboTax has a special phone number for help with IRS/state tax letters, which will be easier than going through regular Customer Support.   At the page below, click on the blue button that says "Get Help from TurboTax Support".  Then it will ask you what tax year is your letter.  Then it will ask you what the letter concerns. Then it will show you the phone number during posted business hours.

https://support.turbotax.intuit.com/irs-notice/audit-support/

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

The IRS believes I underpaid in 2019 and now I owe them $9k, $1500 of which is a penalty. Do I have any recourse?

Read the CP 2000 carefully ... are they correct ?   If not challenge them as directed.  As for the penalty ... if the IRS is correct ... you can beg for it to be waived if you have a good excuse and promise that it never happens again.  However the interest cannot be waived. 

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