UberSuave
Level 2
07-14-2021
04:49 PM
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My client has a large refund on CA return after the suspension of repayment of Excess Advance Payment of the PTC. I believe it is due to the suppression of the 8962 form as Proseries fix for the change. Now CA is calculating a huge monthly PAS amount allowed. How do I correct this?
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Level 15
07-14-2021
05:10 PM
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Yes, I saw several large refunds on CA when they had a payback on the fed that was waived.
Why they cant make these break even instead of juggling money back and forth is just plain silly.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
UberSuave
Level 2
07-16-2021
02:14 PM
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Do you have a solution to this? Any workaround?
Level 15
07-16-2021
02:53 PM
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I let them get the refund, just because the federal waived the payback, that shouldn't change the CA return.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
abctax55
Level 15
07-16-2021
03:06 PM
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Spidell is a great resource for all things CA tax related:
https://www.caltax.com/search-results/?search=3849
No *workaround* is needed...
HumanKind... Be Both