sjrcpa
Level 15
04-05-2021
12:22 PM
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If you leave it blank the software will calculate the maximum credit allowed as part of the tax return.
When IRS adjusts it for the actual EIP, your client's refund will be less/balance due will be more. Most clients don't respond nicely to IRS notices and adjustments.
Can you calculate what it should have been and use that?
The more I know the more I don’t know.