Change to schedule D worksheet

[Anonymous]

I like to start a discussion regarding the Lacerte Critical Alert issued on Schedule D worksheet.

It just so happens that a new client brought in a CP11 IRS notice earlier this week which stated, "We changed the amount of tax reported on your return because the tax rates on Qualified Dividends and Capital Gains are generally lower than the standard rates.  It appears your tax was no computed using these rates or the amount of tax was computed incorrectly"

Is this truly an IRS worksheet issue or is it isolated to Lacerte?  Has anyone else received similar notices?  I thought I saw a discussion with comments yesterday that's been deleted.  Only the announcement from Austin remains?  

[sjrcpa · Accepted solution]

It is truly an IRS issue. See https://accountants-community.intuit.com/questions/1849931-based-on-the-lacerte-irs-alert-issued-tod...

[sjrcpa]

and https://accountants-community.intuit.com/questions/1849491-at-ultra-tax-website-i-see-a-blog-writing...

[Anonymous]

Thank you.  Any Idea why don't these discussions show up in a search for Schedule D or in the most recent discussions?

[Anonymous]

It is an IRS issue: https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040

[sjrcpa]

The search function here sucks.