My husband received the same letter. When I went back to look at the worksheet for Rebate recovery, we should have never even received one. Based on the question, which number 4 asks if we were in the army forces and the answer is no, at that point it should stop. I do not recall the interview asking that question, however , if it did that is easy answer, no. where can I find the prompts that feeds the recovery rebate credit worksheet. Now we owe an additional $600.

Others… In just about every case I’ve seen, the user does not enter the correct rebate they received the prior year (from their 2007 tax return). If you don’t put the correct amount in for the prior year (without regard to any offsets the IRS may have made), your rebate computed for tax year 2008 will be incorrect. That’s because if you didn’t get the full amount of the rebate in the prior year, you’ll get the balance on your 2008 tax return. Going back to my earlier post, we have not identified a single case of TurboTax incorrectly computing the rebate. It just so happens, unfortunately, that the rebate was one of the biggest issues for the IRS this past tax filing season. It’s causing headaches for everyone.

Bob Meighan
VP, TurboTax

The error was mine.

If you got your stimulus check last year, you don’t get one this year.

If you did not state how much you got last year, you “double-dipped” the stimulus.

So, those nasty letters from the IRS are just telling you that you need to correct the error.

If you are not sure how much you got back last year, go to

https://sa1.www4.irs.gov/irfof/IRServlet?app=IRACTC&selectLanguage=en

Use the amount they show you & enter it on line 28 of the Turbotax Recovery Rebate Credit Worksheet. On line 29, you calc the difference between line 28 and 27. If it’s 0, then you don’t get the rebate again.

Stuart

On the recovery rebate credit worksheet, lines 1 and 2 are filled in correctly. Line 3 is left blank (asking if my wife and I are filing jointly). Hmmmm. Had it been filled in correctly, it would go to line 4 to ask if either of us were members of the armed forces – and that’s a “no”. With a “no”, things should have stopped there. But, Turbo Tax went on to calculate my rebate, which I should not get per the form (incorrectly filled out by Turbo Tax).

So, I’m paying the amount I owe – plus penalties (thank you Turbo Tax).

As for me, I’m going back to doing taxes by hand.

This is the 2nd time Turbo Tax misled me.

Stuart

On the recovery rebate credit worksheet, lines 1 and 2 are filled in correctly. Line 3 is left blank (asking if my wife and I are filing jointly) is blank. Hmmmm. Had it been filled in correctly, it would go to line 4 to ask if either of us were members of the armed forces – and that’s a “no”. With a “no”, things should have stopped there. But, Turbo Tax went on to calculate my rebate, which I should not get per the form (incorrectly filled out by Turbo Tax).

So, I’m paying the amount I owe – plus penalties (thank you Turbo Tax).

Don’t listen to VP Bob Meighan. He’s as wrong as the software he’s trying to defend.

As for me, I’m going back to doing taxes by hand.

This is the 2nd time Turbo Tax misled me.

Stuart

PS – Bob, if you can explain this – and be specific – we’d like to know what happened.

Others… I can confidently say there is not a calculation error with the rebate. I encourage you to call the IRS to find out how they arrived at their number and then compare it what you may have entered. In every case that I’ve seen, it’s been a case where the user entered the incorrect rebate received from the prior year.

I hope this information helps.

Bob Meighan
VP, TurboTax

also seems to me that the error
is with the addition/subtraction
on the worksheet in the software….

pay up…

BOO HISSSSS

Just so you know, with over 30 million returns filed for 2007 and 2008, we are not aware of any calculation issue in this area. I would suggest you contact the IRS first to determine how they arrived at their number.

I hope this information helps.

Bob Meighan
VP, TurboTax