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Tax.appeal.168, Tax Accountant
Category: Tax
Satisfied Customers: 3478
Experience:  3+ decades of varied tax industry exp. Tax Biz owner
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What happens if I have miscalculated my shared

Customer Question

What happens if I have miscalculated my shared responsibility penalty for 2015? It should have been $499 more than what I reported.
Submitted: 1 year ago.
Category: Tax
Expert:  Tax.appeal.168 replied 1 year ago.

The IRS will likely discover the difference and if you're due a refund, deduct the miscalculated amount from the refund. The mathematical error is likely going to delay your refund processing if you're due a refund. For more information regarding the shared responsibility, refer to the following link;

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