I have a client with AGI over 150,000 and the worksheet allowed a credit based upon the 5% rule, the return was filed & accepted by the IRS. Now the client receives CP11 notice disallowing the credit since taxpayer AGI over 150,000!! Is there anything I can do to dispute their denial.
Yes I did report the EIP1 & EIP2 amounts on the worksheet. The notice states the amount was computed incorrectly ( which was derived from the rebate worksheet!!
I have one of those, client went ahead and paid it before telling me about it, I haven't tried to chase it down yet...he doesn't seem worried about it, so I guess I shouldn't care more than him.
