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Jacy
Jacy, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 568
Experience:  Nine years individual income tax preparation and consulting
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I NEED HELP TO CLEAR THE ERRORS ON THE 2009 FEDERAL FILE

Resolved Question:

I NEED HELP TO CLEAR THE ERRORS ON THE 2009 FEDERAL FILE: my e-mail [email protected]
Submitted: 6 years ago.
Category: Tax
Expert:  Jacy replied 6 years ago.

Hello,

 

In order to help you, I will need to know the details of the balance due. Did the IRS make changes or corrections to your tax return? In some cases, the balance due can be reduced or eliminated by correcting your tax return.

 

Thank you,

 

Jacy

Customer: replied 6 years ago.

The IRS changes noted as follows:

1. Retirement Income Table: Shown on Return:$674
Reported to IRS, or as corrected:$43,128 ;difference $42,446
Social Security/Railroad:Shown on return:$0
Reported to IRS,or as corrected: $16,288;difference $16,288
Income Net Difference;$58,734
Total Change to Taxable Income:$58,734
2 Changes to Tax Computation,Line 27 Shown on return-$21,861
Corrected by IRS;$36,873
Difference: $58,734
Line 28 Shown $0
Corrected by IRS $4,696
Line 37 Difference:$4,696
Net Tax Increase:$4,696
Income Tax Withheld Line 38 Shown on return; $67.00
Reported to IRS $2,148
Difference; $2,073
Net Payment Increase;$2,073

Summary of Proposed Increase; Tax Increase $4,696
Payment increase $2,073
Interest: $121.00
Total Amount owe $2,744

The amount on Installment Agreement Request received 6/16/2011
$2744.00
This our 1st notice received and our 1st installment paid $500.00
on 2/16/2011 I need your help. Thanks; Jerry Samp
Expert:  Jacy replied 6 years ago.

Hello,

 

First, do you agree that you received $43,128 in retirement income? This would include IRA distributions that were not rolled over. Next, did you receive $16,177 in Social Security Benefits? If not, you will need to communicate the correct amounts from you records and explain the difference to the IRS.

 

Jacy

 

 

 

 

Customer: replied 6 years ago.
our gross income every year has been:$38,446 my pension
$17,429 my social security
$8,512 my wife's social security
Total deductions from social security
and my pension for medicare has been $2313
Total gross income: $64,387
Tax Deduction's: From my pension $2074 Federal
Customer: replied 6 years ago.
our gross income every year has been:$38,446 my pension
$17,429 my social security
$8,512 my wife's social security
Total deductions from social security
and my pension for medicare has been $2313
Total gross income: $64,387
Tax Deduction's: From my pension $2074 Federal
$401 State
Expert:  Jacy replied 6 years ago.

Hello,

 

Well, do you know why your tax return you filed did not reflect most of this income? This seems to be the problem. There is a discrepancy between your pension amount (38,446) and the pension/IRA amount the IRS has (43,128). I can assume something went wrong in turbo tax. Since the pension amounts were missing, the program thought your Social Security benefits were not taxable.

 

So, unless you can explain the difference in the pension amounts, you will probably need to pay the balance due.

 

Let me know if I can help you further,

 

Jacy

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