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Sch D tax computation IRS error...are we waiting for IRS to correct or amending? Have one with a nice sized refund, not really trusting IRS to offer up the $$

Just-Lisa-Now-
Level 15
Level 15

I feel like Ive seen this discussed in here, but as usual the search function isnt helping me much.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Just-Lisa-Now-
Level 15
Level 15

Just got a call from the client I mentioned above, they just got their refund check for this situation, with interest!  IRS sent it automatically.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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3 Comments 3
Just-Lisa-Now-
Level 15
Level 15

Just got a call from the client I mentioned above, they just got their refund check for this situation, with interest!  IRS sent it automatically.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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abctax55
Level 15

I answered somewhere....but I'm not gonna' look for it :smile:

Amended returns take 6 months PLUS to process, so I'm not sure amending will get them their money any faster than just waiting for the IRS to do their thing.  

The real answer is that no one has a clue; I haven't seen anything here, or any of the other forums I frequent, saying the IRS has actually taken any action yet.

edit...look what I found 🙂

 https://accountants-community.intuit.com/questions/1883469-has-anyone-else-had-clients-affected-by-t...

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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Just-Lisa-Now-
Level 15
Level 15
Thats my feelings as well....amended returns take Soooo long to process these days, Im not sure it worth bothering with...maybe I'll just wait and if they havent got the refund automatically by next filing season, we amend then....I havent told the clients about it yet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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