What is the name of your state? Virginia
I filed my 2005 federal and state taxes using TurboTax Online, via their website. When I did so, I entered ~$8,000 as federal taxes with held on my W-2. Last week, I received some mail from the IRS stating that my federal return had ~$12,000 reported, exactly $4,000 more than I had originally reported.
The first thing I did was go to TurboTax's website, and download my 2005 return, which did in fact have the correct number. It appears, that even though I entered one number, TurboTax reported another number. Now the IRS wants a check for $4,000 + interest. I have no recollection of what my federal refund actually was, as back in those days I was still single running the streets. Now I'm married, so I track every nickel we spend. I consulted my credit union, and since they had a major overhaul of their computer systems in 2006, they no longer have records that I can access to verify the over payment by the IRS.
TurboTax has basically told me that they have done nothing wrong. Is there any recourse I can pursue against TurboTax to have them pay the $4,000 (of course I'd have to collect that as income on this year's return)? Perhaps civil damages? I don't want a penny more than the IRS would make me pay.
Thanks
I filed my 2005 federal and state taxes using TurboTax Online, via their website. When I did so, I entered ~$8,000 as federal taxes with held on my W-2. Last week, I received some mail from the IRS stating that my federal return had ~$12,000 reported, exactly $4,000 more than I had originally reported.
The first thing I did was go to TurboTax's website, and download my 2005 return, which did in fact have the correct number. It appears, that even though I entered one number, TurboTax reported another number. Now the IRS wants a check for $4,000 + interest. I have no recollection of what my federal refund actually was, as back in those days I was still single running the streets. Now I'm married, so I track every nickel we spend. I consulted my credit union, and since they had a major overhaul of their computer systems in 2006, they no longer have records that I can access to verify the over payment by the IRS.
TurboTax has basically told me that they have done nothing wrong. Is there any recourse I can pursue against TurboTax to have them pay the $4,000 (of course I'd have to collect that as income on this year's return)? Perhaps civil damages? I don't want a penny more than the IRS would make me pay.
Thanks