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jerasa
New Member

When IRS says my tax return is incorrect because amount was computed incorrectly, is this a Turbo Tax issue?

My refund is now a balance due.
2 Replies
DoninGA
Level 15

When IRS says my tax return is incorrect because amount was computed incorrectly, is this a Turbo Tax issue?

Did the IRS change the amount of the Recovery Rebate Credit reported on the Form 1040 Line 30?

If so -

Line 30 on the Form 1040 is the Recovery Rebate Credit.  This is the amount of the stimulus payments 1 and 2 that you indicated using the TurboTax software that you did NOT receive.  

Apparently the IRS has information in their database indicating you did receive either all or a portion of the Credit claimed on Line 30.  

Go to this IRS website for your Tax Account to see the stimulus payments made to you - https://www.irs.gov/payments/view-your-tax-account

 

If you did not receive these payments go to this IRS website for how to start a trace on the payments - https://www.irs.gov/coronavirus/second-eip-faqs

 

TurboTax guarantees that all calculations based on the data entered by the user of the software are 100% Accurate.

See this TurboTax support FAQ for the 100% Accurate Calculation Guarantee - https://ttlc.intuit.com/community/charges-and-fees/help/what-is-the-turbotax-100-accurate-calculatio...

Mike9241
Level 15

When IRS says my tax return is incorrect because amount was computed incorrectly, is this a Turbo Tax issue?

we have no way of knowing since we can not see your return or the IRS notice. if you tell us what line(s) the IRS changed we can give you an idea.  

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