IRS Adjustment
IRS disallowed the Recovery Rebate Credit and client did not disagree. How do I adjust PS Basic original 2020 return to be consistent with IRS' adjustment to client's master file?
IRS disallowed the Recovery Rebate Credit and client did not disagree. How do I adjust PS Basic original 2020 return to be consistent with IRS' adjustment to client's master file?
Why was the credit disallowed? If something is going to affect next year's return from this then maybe you do want to change it... But if it is not going to have any effect on next year's return then why would you want to change the return that you filed... Just keep the letter from the IRS in the client's file... just my opinion...
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