is anyone experiencing audits from clients with miscalculated rebates?

Forum|Forum|5 years ago
April 20, 2021
2 replies
11 views

Ive already had 6 clients come in with a letter from the IRS stating they need to give back a certain rebate amount. I would open their file to check for the automatic recalculation and find out that the rebate calculation would be wrong. But yet again the UCE calculation would give them a refund to offset the payback rebate amount. This is crazy folks. Its a mess.

ProSeries Basic

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

yes, Proseries was popping up with an erroneous message disallowing the RRC for any returns that ha RRC on them, thats not the same as getting an IRS letter though.....so what did IRS send your clients?

Just-Lisa-Now-

Intuit Community Champion

I have not had anyone call with any type of letter....your post seems light in details...were these people that said they didnt get the advances so you added the RRC to the return?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

L

lucreciaAuthor

Level 5

Well what im trying to say is proseries has a miscalculation on the RRC

Just-Lisa-Now-

Answer

Intuit Community Champion

yes, Proseries was popping up with an erroneous message disallowing the RRC for any returns that ha RRC on them, thats not the same as getting an IRS letter though.....so what did IRS send your clients?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

dascpa

Level 11

I am not answering your question but understand there is a difference between an "audit" and a calculation letter, or other type of IRS letter. I only mention it because clients freak out at the word "audit" and many times blame the tax preparer when it's a 1099 mismatch, a request for more information or calculation adjustments.

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