Ask Experts Questions for FREE Help !
Ask
    Racer9X's Avatar
    Racer9X Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 24, 2010, 10:31 PM
    IRS Tax Assessment - Dispute
    I worked 2 jobs, and ended up having more then the allowed amount of social security withheld (max is $6324). Used turbotax, and they properly allowed me to credit back the overpayment. However, IRS came back with CP2000 form stating that since my wife was on the tax return as well (she did not work at all), she counts towards the social securtiy max level (thus doubling the amount that can be taken from me). This does not appear to be a correct assessment. Am I wrong in protesting this proposed change?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    May 25, 2010, 01:16 PM
    That is totally wrong. Social Security tax assessments are driven individually by the Social Security number of the person earning the income.

    Unless there has been a change in the law that I am not aware of, challenge this proposed change.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

401K withdrawal age without tax assessment [ 2 Answers ]

I understood that after the age of 69 or 70 one could withdraw their 401K or IRA money and not pay any Federal Income tax on this withdrawal even if the money that was placed into these accounts was pretaxed income. Karl Jacobson

What happens when you owe more tax when you are on a tax payment plan with the IRS? [ 4 Answers ]

If I am currently on a payment plan with the IRS and in the agreement it states that your are not to owe any more taxes while in the payment agreement... what happens if I do owe for the current year. I am paying off 2004 taxes and now I owe for 2007... what is going to happen? It will default my...

Consequences of incorrect assessment of residency status for previous tax years? [ 5 Answers ]

I entered the US in 1993 on an L-1 visa and became a resident alien (greencard holder) in 1996. In 2003 I left the US and established residence in my home country, Germany. I continued to have income from US sources and therefore filed annual US federal tax returns using form 1040. My green card...

Will my property tax assessment increase I buy out my sisters portion of moms home [ 5 Answers ]

Will the property tax assessment rate increase from its very low rate to the current and much higher riate when I buy out my sisters portion of our mothers home which we all inherited?

Deed in Lieu of Foreclosure Tax Assessment [ 2 Answers ]

I hold a 2nd Deed of Trust against a property in California. The property owner is way behind and I've started the Notice of Default proceedings. The property owner has requested that we do a Deed in Lieu of Foreclosure and that I not report this foreclosure to the credit agencies. Given the...

View more questions Search