When I did my taxes last year I used turbo tax and itemized,I mean they held my hand through the whole process and I put the numbers in the corresponding boxes and that was fine with me.I got one of my best returns back,now a couple months ago I got a letter from my state saying I owe 960.00.What gives?Am I at fault or is Turbo Tax to blame?
2007-11-05 22:35:59 · 5 answers · asked by scott g 1 in Business & Finance ➔ Taxes ➔ United States
I am a turbo tax user, too. I have found that my tax returns require more work than just following their process. For example, when I make changes to my original entries on the return, TT sometimes does not update its data on the return.
I would first call the state tax agency to understand exactly how they calculated the $960. They should provide you with their amounts for every box on the return. If there was an error on your original return, they may be assessing penalties and interest. Once you understand what the state thinks, then you can start to work the problem. Good luck.
2007-11-06 00:49:23 · answer #1 · answered by Paul B 2 · 1⤊ 1⤋
The most common errors with respect to tax returns is forgotten or ommitted income. For instance, you don't include a 1099 or a w-2. In that case you will get a letter from the IRS. Another common mistake is a key in error. For instance, you type in $5700 instead of $7500. Chances are that it's not Turbo Tax's fault. If there was a glitch with the software, you would have been notified by Turbo Tax
2007-11-06 04:46:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You'd need to say WHY they say you owe the money back. At a guess, you might have given info to TurboTax that wasn't correct by misunderstanding some of the instructions. It's also possible, but not real likely, that TurboTax calculated something wrong.
If you post again and say what the IRS is disallowing, someone can probably give you more info.
2007-11-06 02:39:11 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
No way to know without seeing the return as filed and reading the letter. Could be either or both. And the state could be wrong; they often are.
2007-11-05 22:54:23 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 1⤋
does it say which you owe further money on the two? did you have federal income tax withheld? not social risk-free practices or medicare (FICA) - definitely federal income tax withholdings
2016-12-15 18:18:20 · answer #5 · answered by behl 4 · 0⤊ 0⤋