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IRS notice "We changed the amt of tax on your return because tax rates on Qual Div&Cap Gains because your tax was computed incorrectly." Is there a TurboTax issue?

 
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4 Replies

IRS notice "We changed the amt of tax on your return because tax rates on Qual Div&Cap Gains because your tax was computed incorrectly." Is there a TurboTax issue?

That usually means they changed your income.  Like you left some income off or put down the wrong taxable amount on line 4b for IRA or 401K distrbutions.  Do they say you owe more tax?

IRS notice "We changed the amt of tax on your return because tax rates on Qual Div&Cap Gains because your tax was computed incorrectly." Is there a TurboTax issue?

Thanks for your response.  The refund was reduced and check included cents which I thought was strange.  Usually it's always whole dollars.
I originally thought income was missing but double checked all my entries and nothing is missing.  Also checked calculations.   
I am now waiting for the formal mail copy and will have to contact IRS.   

IRS notice "We changed the amt of tax on your return because tax rates on Qual Div&Cap Gains because your tax was computed incorrectly." Is there a TurboTax issue?

you got pennies because IRS is charging you interest and penalties.
Get your accuracy claim going.
You need to file it quickly. Intuit makes it difficult to collect.

IRS notice "We changed the amt of tax on your return because tax rates on Qual Div&Cap Gains because your tax was computed incorrectly." Is there a TurboTax issue?

I overpaid so there is no interest or penalties.  I had a refund due to me.  They only reduced the amount of the refund.  It just does not make sense.
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