‘Math Error’ Puts Millions Of Taxpayers In A Spot, IRS Notifies Payment

A math error is putting millions of taxpayers in a quandary. Going by a Local 12 report, the IRS has been shooting off notices to the taxpayers informing them that they would need to pay up and that this situation had come about owing to a calculation error.

It has been reported that as many as nine million American citizens have received IRS notices. The errors, which the IRS points out in the notices sent to the American taxpayers, are mostly connected with the pandemic stimulus overpayments.

THE REPORT ADDED THAT the IRS has sent out notices to those who had claimed the recovery rebate credit that allows citizens to claim stimulus checks if eligible but didn’t receive one.

Calculation Error in Child Tax Credit Payments too?

It is believed that apart from those who have already received the notices, there could be more who would most probably get them in the future, as the mistakes in calculation could have been made in paying out monthly child tax credit payments.

But then, those who believe they do not owe repayment can sit assured that there are means to contest the notices. If you are a taxpayer and have a solid belief that you don’t owe repayment, all you need to do is request correction in the math error assessment.

Request abatement of math error assessment

You can do so in 60 days from the date of receipt of the IRS notice. Once that is done, you can be sure that the IRS will take things forward and follow procedures with regard to the reassessment of tax.

Meanwhile, there are complaints from the general taxpaying public about how serious the IRS has been treating the issue. Many have said that they have been trying to get in touch with IRS officials to get things sorted out but in vain. Cals are left unanswered most of the time.

The report added that only around seven percent of taxpayers got to talk with a human voice during a call during the 2021 tax season. With that being the state of affairs at the IRS, taxpayers could have to do a good bit of running around to get their problems solved.