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0 pointsowenmarshall5y ago0 comments

Make a good-faith error when you file your taxes. The IRS will send you a letter detailing what you did wrong per their records, your corrected taxes, and how to correct their records if you disagree.

That’s what happened to me when TurboTax applied too many credits.

That’s when I learned that the IRS had everything they needed to just send me a bill.

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3 comments · 2 top-level

GoOnThenDoTell5y ago· 1 in thread

I had a similar experience, except that the IRS was missing cost basis info entirely and so they thought I should pay a huge amout, and so I had to send them the info. They were very nice about it though.

anonAndOn5y ago

Seconded. This must be a known issue for them? It would have been nice to acquire the securities for $0 but I was not so lucky as their tax bill indicated.

dawnerd5y ago

They don’t know about any deductions you might have though. If you’re not itemizing I guess that’s fine but for us that have a lot more stuff being written off it’s impossible for it to just be a bill.

That said there are ways they could build around it but it’s the IRS so that’ll never happen.

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