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- Why are my clients receiving IRS notices that their "Recovery Rebate Credit" was miscalculated?
Why are my clients receiving IRS notices that their "Recovery Rebate Credit" was miscalculated?
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t-o-bookkeeping
Level 3
08-18-2021
11:59 AM
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I entered the amounts that were received and the worksheet calculated that they should get a credit and then the IRS says they need to pay the credit back???
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Accountant-Man
Level 13
08-19-2021
02:38 PM
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Your :"clients are receiving IRS notices that their "Recovery Rebate Credit" was miscalculated"
because the IRS says that the RRC was miscalculated.
I get calls or emails every day that the refunds were held up because the IRS changed the RRC calculations from the amounts THAT THE CLIENTS GAVE ME or THAT I CALCULATED USING ONLINE CALCULATORS.
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