How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
Experience:  10 years experience
Type Your Tax Question Here...
Wallstreet Esq. is online now
A new question is answered every 9 seconds

I have received a notice from the IRS taxes

Customer Question

I have received a notice from the IRS for additional taxes due, however, when I tried to reconcile their listings against mine I found some differences that I can not account for.
The IRS stated in a line item on their explanation a Medicare Tax Withheld of $7245, and they stated that only $5581 was shown on the return.
Where would this amount be entered on my tax return. I'm baffled.
Submitted: 1 year ago.
Category: Tax
Expert:  USTaxAdvising replied 1 year ago.
The only thing that comes to mind is the Net Investment Income tax which is approximately 3% and is basically a tax to help fund Medicare. Perhaps the amount is related to something related to your investment income? Perhaps a Schedule K1?