Fletcher
Level 3
08-26-2021
05:12 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My clients file a joint return, agi !44416 in 2020. they received 2 stim pyments of 1200 each and 600 each.
Return was prepared with PS basic reflecting a recovery rebate credit of 1800. IRS is disallowing this using Form CP11. Is there any reason that you're aware of why?
Best Answer Click here
Labels
PATAX
Level 15
08-26-2021
05:30 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
IRS may believe that there's a miscalculation on that return... Double check the return and double check the amounts of the economic impact payment calculation...just my opinion...
George4Tacks
Level 15
08-26-2021
05:35 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My guess is that you said that they received $1,200 TOTAL and $600 TOTAL instead of EACH. That would have created a rebate credit of $1,800 which is WRONG.
The software bases it's computation on your input.
Here's wishing you many Happy Returns
Just-Lisa-Now-
Level 15
08-26-2021
05:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
so they got all the stimulus they were allowed, but youre saying the program added an additional amount of RRC that IRS is disallowing?
Do they have a teenage child on the return? The software was doing some weird computation for teenagers at one point, and allowing RRC when it wasnt allowed...you had to delete and reenter the dependent for it to calculate correctly.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Do they have a teenage child on the return? The software was doing some weird computation for teenagers at one point, and allowing RRC when it wasnt allowed...you had to delete and reenter the dependent for it to calculate correctly.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪