Have a Tax Question? Ask a Tax Expert
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Hi there. What was your filing status? Married filing separately, married filing jointly, single, head of houshold? Thanks.
my filing status is married filing jointly
Married filing jointly is my filing status
For 2010, the tax is $46,833.50 plus 33% of taxable income over $209250 = $63449.33
For 2011, the tax is $46428.
My tax account had come up different figures in our returns:
Our 2010 federal income tax was $78,400
Our 2011 federal income tax was $61,335
According to your figures I have overpaid $14,951 in our 2010 return and over paid $14,907 in our 2011 return.
Do you have any idea how he would have made such mistakes in calculation? Do I miss anything in the information that I gave to you? I plan to see my tax account on our returns; however, I want to make sure that I am fully prepared for meeting him.
Does IRS check our returns for catching calculation errors like this? If they do, how come I have not received any notifications from IRS on such errors?
Your prompt advices will be appreciated.
I would not know. You could have some other taxes such as self-employment taxes that could be due that would be on top of the normal taxable income. You will want to ask him if there are additional amounts other than the income tax being included. The IRS does check the math on some of these; but if you have indeed overpaid, you can simply file an amended return for each year and get your refund.