Rapid Tax

A blog focused on providing informative tax and personal finance information.

Posts Tagged ‘turbotax’

Recovery Rebate Ruckus: Why are TurboTax Users Getting Angry Letters from the IRS?

Tuesday, July 7th, 2009

Bloggers and forums are abuzz over the news that TurboTax may be calculating the Recovery Rebate incorrectly. Apparently TurboTax users are getting letters from the IRS complaining that they claimed too large a credit for the rebate, and that they’ll need to pay it back. The TurboTax team has responded to explain some of the confusion, but that’s not the whole story.
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