PPECPA
Level 5
08-23-2021
12:38 PM
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Hey sjrcpa
See above post. The amount adjusted by the IRS notice is $1,591.97 which I believe was adjusted for a disallowed Recovery rebate credit plus or minus interest and other credits. The BTC is below as follows:
Rebate Tax Credit (1040 line 30) $1,936.00
Less other Credits (IRS calculated) $ 355.02
Interest (IRS Calculated) $ 10.99
Amount due to IRS $1,591.97
What I don't understand is why the Rebate Tax Credit was disallowed?