Theresastylist
Level 2
04-08-2021
08:40 PM
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So, any idea on whether the states are going to update as well, or should preparers amend states only???
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BobKamman
Level 15
04-08-2021
11:14 PM
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Each state would make its own decision on that. I haven't heard of any with plans to automatically amend.
pamdory
Level 8
04-09-2021
08:50 AM
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We have to check with the states we're filing with.
Most of my clients are in Oregon and they are doing as IRS is and recalculating and issuing refunds or reducing taxes due.
I'm still recalculating those returns to make sure those affected clients get what they are entitled to.
BobKamman
Level 15
04-09-2021
09:25 AM
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Of course Oregon has a good reason to track those federal refunds because they can tax them -- let's see, will it be on the amended 2020 return, or next year?
Theresastylist
Level 2
04-09-2021
12:57 PM
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Me too!
TAXOH
Level 11
04-26-2021
01:57 PM
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- Ohio is recalculation also.