Hi there,
I recently reviewed a previous year tax return (2017) to understand why I was did not receive EIC. I had filed my taxes via Turbo Tax and was expecting to receive the EIC based on Turbo Taxes estimates, however, I received a letter in the mail stating that my taxes had been corrected and the new return amount was about $2500 less.
Basic info about the filing:
Married filing jointly (neither claimed as dependents)
One dependent (child)
Info from 2017 Tax Transcript:
ADJUSTED GROSS INCOME:..............................................$26,794.00
ADJUSTED GROSS INCOME PER COMPUTER:.................................$26,794.0
...
EARNED INCOME CREDIT:................................................$2,945.00
EARNED INCOME CREDIT PER COMPUTER:.......................................$0.00
...
SCHEDULE 8812 ADDITIONAL CHILD TAX CREDIT:.............................$943.00
SCHEDULE 8812 ADDITIONAL CHILD TAX CREDIT PER COMPUTER:................$943.00
SCHEDULE 8812 ADDITIONAL CHILD TAX CREDIT VERIFIED:....................$943.0
...
Refund or Amount Owed
REFUND AMOUNT:......................................................$-3,888.00
APPLIED TO NEXT YEAR'S ESTIMATED TAX:....................................$0.00
ESTIMATED TAX PENALTY:...................................................$0.00
TAX ON INCOME LESS STATE REFUND PER COMPUTER:............................$0.00
BAL DUE/OVER PYMT USING TP FIG PER COMPUTER:........................$-3,888.00
BAL DUE/OVER PYMT USING COMPUTER FIGURES:.............................$-943.00
FORM 8888 TOTAL REFUND PER COMPUTER:.....................................$0
In my return check, I received $943, but not the additional $2945 that I expected from the EIC.
I recently review my return and verified the qualifications for the EIC.
Bottom line question: What is the process for requesting that the IRS reconsider and award the EIC for 2017?
I really appreciate any insight. Thank you in advance!
I recently reviewed a previous year tax return (2017) to understand why I was did not receive EIC. I had filed my taxes via Turbo Tax and was expecting to receive the EIC based on Turbo Taxes estimates, however, I received a letter in the mail stating that my taxes had been corrected and the new return amount was about $2500 less.
Basic info about the filing:
Married filing jointly (neither claimed as dependents)
One dependent (child)
Info from 2017 Tax Transcript:
ADJUSTED GROSS INCOME:..............................................$26,794.00
ADJUSTED GROSS INCOME PER COMPUTER:.................................$26,794.0
...
EARNED INCOME CREDIT:................................................$2,945.00
EARNED INCOME CREDIT PER COMPUTER:.......................................$0.00
...
SCHEDULE 8812 ADDITIONAL CHILD TAX CREDIT:.............................$943.00
SCHEDULE 8812 ADDITIONAL CHILD TAX CREDIT PER COMPUTER:................$943.00
SCHEDULE 8812 ADDITIONAL CHILD TAX CREDIT VERIFIED:....................$943.0
...
Refund or Amount Owed
REFUND AMOUNT:......................................................$-3,888.00
APPLIED TO NEXT YEAR'S ESTIMATED TAX:....................................$0.00
ESTIMATED TAX PENALTY:...................................................$0.00
TAX ON INCOME LESS STATE REFUND PER COMPUTER:............................$0.00
BAL DUE/OVER PYMT USING TP FIG PER COMPUTER:........................$-3,888.00
BAL DUE/OVER PYMT USING COMPUTER FIGURES:.............................$-943.00
FORM 8888 TOTAL REFUND PER COMPUTER:.....................................$0
In my return check, I received $943, but not the additional $2945 that I expected from the EIC.
I recently review my return and verified the qualifications for the EIC.
Bottom line question: What is the process for requesting that the IRS reconsider and award the EIC for 2017?
I really appreciate any insight. Thank you in advance!