Linda123
Level 1
12-07-2019
03:55 AM
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A taxpayer is filing single and he is 40 years old.
Why is ProSeries asking if he can be claimed as a dependent of another person?
He was getting a refund and now he owes over $4,000.00!
Is there a glitch in the system?
Thanks!
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TaxGuyBill
Level 15
12-07-2019
03:55 AM
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Is there a 1095-A with Advance Credit in column C?
Is the taxpayer's income over 400% of the Federal Poverty Level (Line 5 of Form 8962)?
Just-Lisa-Now-
Level 15
12-07-2019
03:55 AM
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That checkbox used to get me all the time! Learned NEVER to tell the client a refund amount when they have a 1095A until I'm sure all pink errors are gone!
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Just-Lisa-Now-
Level 15
12-07-2019
03:55 AM
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@Linda123 you may want to see if the client is eligible to make an IRA contribution, might bring his income down low enough to avoid paying back the APTC.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪