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Multiple returns are showing changes to the tax calculation. There are no changes other than the tax calculation has changed. Looks like it's happening a lot with clients who had capital gains? Was ProSeries calculating the tax wrong before? And this was corrected with an update?
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The IRS was calculating the tax wrong. There was either an alert or an e-mail sent out about the issue awhile back. Maybe you were one of the chosen ones and had a bunch of returns affected by it.
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Are you discovering this by opening a file and getting that pop-up that says "things have changed"? or is there query that will pull up all files with a potential change?
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https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040
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( Generic Comment )"
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It's a Schedule D computation issue, mainly (exclusively?) impacting returns with a 28% tax in the mix. I've had one (so far) impacted, for a whopping $ 27. I first thought it was a transposition error
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There was a change in the calculations on Form 2210 when they changed percentages. If you can find the alert, it will let you know which of your clients were affected by this.
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Slava Ukraini!
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Look at some of your clients with higher incomes. My clients are mostly middle income people, I only have a handful with income in this bracket.
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