Accuracy guarantee claim issue

Forum|Forum|1 year ago
February 15, 2025
1 reply
0 views

Hello, I need to file an accuracy claim but your form to do so doesn't include tax year 2024, can you add it so I can file?

Best answer by MonikaK1

Ok now I'm even more confused, I just logged into my online tax account for oklahoma and it says I have a 200 dollar refund that was intercepted to pay penalties and interest ($4.20) with a net refund of 195.80. But the notice given a day before that one said I owe 83.20 for underpayment. Also it says my balance is $0, does that mean I owe nothing? Or that I just haven't paid any estimated payments for this year yet? Man I hate taxes.

If you owed tax for a different year or other amounts to the state, the state could have applied your refund to pay the other debt. If there is interest included in the amount, this could mean the debt is from a prior year.

Only if your situation meets the terms of the 100% Accurate Calculation Guarantee, Intuit will reimburse the amount actually paid by you to the IRS or state in penalties and/or interest as levied against you in their first notice (i.e., if the notice is not paid, Intuit will not reimburse additional interest and penalties for not paying the first bill timely).

The form to file Accurate Calculation Guarantee claims for 2024 should become active by around the time the returns are due.

See this Oklahoma webpage for options to contact their tax agency with questions about their bill.

@Otterspace1987

xmasbaby0

Employee

What is wrong with your 2024 return? Has it been fully processed by the IRS? If there are mistakes on the return you can amend a 2024 return. The 1040X to amend will be available in about a week.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Otterspace1987Author

I already filed and paid but I got a letter from Oklahoma Tax Commission that I owe 83.20 because they adjusted my income tax return for underpayment (but I paid exactly what was on turbo tax).

VolvoGirl

Employee

The amount Turbo Tax calculates on your 1040 or state is only an estimate. Turbo Tax can not figure it accurately because they don't know exactly when the IRS or state will get your return and tax due payment. It's very common and normal and expected for the IRS or state to bill you for more or send you a refund.