Now, TurboTax says the issue has been fixed (the IRS announced Friday afternoon that millions of payments were being rerouted to the correct bank accounts). A TurboTax spokeswoman said the fix also applies to customers who received the “Payment Status #2 – Not Available” message while using the IRS Get My Payment tool.
Can you make mistakes on TurboTax?
If you use tax software such as TurboTax, the program will automatically handle most calculations for you and catch any errors before sending your forms to the IRS.
What if my TurboTax is wrong?
If you make a mistake on your tax return, you may receive a correction notice or an unreported income notice. Compare the IRS adjustments with the information on your tax return. If you agree with the adjustments, you can generally reply to the IRS with a check or money order for the additional taxes due.
What happens if I messed up on my taxes?
If you made a mistake on your tax return, you need to correct it with the IRS. To correct the error, you would need to file an amended return with the IRS. If you fail to correct the mistake, you may be charged penalties and interest. You can file the amended return yourself or have a professional prepare it for you.
Is it a Turbo Tax problem or user error?
This isn’t a Turbo Tax problem so much as it is a user error. You have to install the updates before you file your tax return or it could easily be wrong. Let’s be realistic about this. Turbo Tax tries to get its product to the shelves by December for customers to buy it. This is a pretty good business plan.
Are there any problems with Turbo Tax in Iowa?
And as Kim St Onge show us – Iowa Turbo Tax users are running into problems as well. Today the Iowa Department of Revenue stopped processing state tax returns until this TurboTax fraud investigation is finished. That’s why a lot of Central Iowans are staring at a screen that looks like this.
Is it worth it to use Turbo Tax?
Working on your own taxes can be frustrating no matter what software program you’re using. First, full disclosure: I love Turbo Tax. I used to tell people that I’d do TV commercials for it. I even seriously considered going to work for the company. I have worked for one of their competitors – and I still like Turbo Tax better.
Why did Minnesota stop accepting Turbo Tax returns?
The Minnesota Department of Revenue stopped accepting returns filed with Turbo Tax after some tax payers found someone already filed returns using their name. And as Kim St Onge show us – Iowa Turbo Tax users are running into problems as well.