Received CP23 stating I had overstated amount withheld. Their difference matched the amount withheld on a 1099-R that was included in the Turbotax calculations. The amount requested by IRS, also included a penalty (not withholding sufficiently though the year) that was also included in the Turbotax estimate of taxes owed. Where do I start? As a side note, I have just received a refund for the California Franchis TAx Board.
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