The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/actually-my-cpa-made-this-mistake-on-2008-return-28522796.aspx

Subject:  Re: A Pox on Turbo Tax Date:  5/20/2010  9:15 AM
Author:  lethean Number:  110469 of 121216

Actually, my CPA made this mistake on 2008 return ... or rather I led him to make the mistake.

I listed medicare premiums (noting that some were debited from SS benefit and some were debited from checking account*), and I also turned in SSA - 1099. All premiums were included on the tax return which resulted in a double counting of some medicare premiums.

My fault, in hindsight. I tried to be explicit by detailing ALL the medicare premiums and the source of payment. All it did was confuse the issue because the detailing was listed under health insurance premiums. Ugh.

*I suspended SS benefits midyear but continued medicare payments via checks for the remainder of the year.

Lethean
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us