Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- ERC state tax treatement?
ERC state tax treatement?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
krystalng
Level 1
09-08-2023
05:08 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hi all,
I am amending 2020 & 2021 1120S and individual tax returns for my clients due to the ERC they received.
As I know, I need to put the ERC amount in 1120S under Ordinary Income|Deductions| Less: ERC claimed on employment tax return. It applies for FED but not sure about state.
I tried to research to see if I need to amend state 1120S and 1040 as well, or I only need to amend FED? Does anyone know if I need to amend state or not?
Labels
2 Comments 2
PhoebeRoberts
Level 11
09-08-2023
09:29 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
What state(s)?
krystalng
Level 1
09-08-2023
07:33 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
So I see the ERC is adjusted for PA but not for Rhode Island.
It means the client needs to pay more state tax for RI.
I tried to look for a accurate source for ERC treatment for all states but I couldn't :'(
