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Error in tax calculation
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scheunemanncpa
Level 4
03-30-2022
10:39 AM
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A client just dropped off a letter they received from the IRS on our 2021 filing. Filed hoh, wages, student loan interest deduction, and standard deduction. The IRS changed the tax amount by $276 lower than we had. There were no overides in the software. I unlocked the return and it did not change. I looked up the tax in the tables and the IRS is correct.
WOW!!!!
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4 Comments 4
George4Tacks
Level 15
03-30-2022
10:43 AM
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Use Ctrl + L to send the return to Lacerte for them to research. It is like an e-mail to the programmers.
Answers are easy. Questions are hard!
scheunemanncpa
Level 4
03-30-2022
11:00 AM
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I did that now. I set up a test file and it did the calculation correctly. I don't see anything in the file that would change. No overrides anywhere in the affected file.
scheunemanncpa
Level 4
03-30-2022
11:10 AM
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I found the issue. There was recapture of prior year AOC for the difference in tax. The IRS did not recognize that in their calculation. There was a statement attached for that calculation.
rbynaker
Level 13
03-30-2022
11:28 AM
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Where did you put that? I would guess Sch 2 Line 17a? The problem (well, A problem) with the IRS redesigning the forms EVERY YEAR is that the software has to be reprogrammed for things that aren't new but just have to carry to a new form/line. Lots of room for errors.
