dude7707
Level 5
03-12-2021
10:47 AM
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So now that it is official RE: ARP Act 3.11.21 what is the outcome for us preparers?
1. 1st 10,200 UI of 2020 not taxable, if filled - File 1040-X. - I'm charging $150.
a. If not, assume Tax Software will be revised to accommodate this change.
2. 3rd Stimulus payments - reporting on 2021 I assume.