NCJ
Level 1
09-03-2021
11:20 AM
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My client received a reduced amount for EIP1 & EIP2 initially. That reduced amount was part of the worksheet in Lacerte. Lacerte calculated the taxpayer was entitled to the Recovery Rebate credit for part of the EIP1 that was not received. The taxpayer just received an IRS notice stating they were not entitled to the Recovery Rebate credit and have to pay the credit back as it had initially reduced the balance due. Why doesn't the Lacerte calculation and IRS agree with the calculated Recovery Rebate credit?