ProSeries Professional appears to have computational error in taxable SS when unemployment exclusion under ARPA 2021

Forum|Forum|5 years ago
March 20, 2021
7 replies
41 views

This has been resolved. Thank you to those who directed me to IRC S 86(b)(2)(A) and 85(c)(2).

ProSeries appears to have computational error in taxable SS when unemployment exclusion under ARPA 2021. Social Security Benefits Worksheet, line 3 should be pulling $s from the lines described, one of which is Schedule 1, line 9. Sch. 1, line 9 is the amount after the $10,200 unemployment exclusion. As of 3.20.2021 11am it is not. The total on Social Security Benefits Worksheet, line 3 is the same amount as before the unemployment exclusion program update. I became aware only because I had done a Tax Planner projection to let the client know the potential savings from amending the return for. The Planner and the tax return compute different amounts of what is taxable social security benefits. I spoke with ProSeries this am to see which computation is correct and report their software issue. While the support person was kind, she had no idea. Anyone else seeing this?

ProSeries Professional

This topic has been closed for replies.

T

TaxGuyBill

The program is correct. See this discussion:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/re-another-new-unemployment-bug-2/01/145529

S

Sandy19

Level 2

I filed a return on 4/11/21 and the calculation was still incorrect. Received notice from IRS - while my stepmom was happy to receive additional refund - it did not make me feel confident about the software I am paying good money to utilize.

qbteachmt

Level 15

"and the calculation was still incorrect."

Other than the IRS releasing that they would address early UI filings from before it was being exempted from being taxable, up to the first $10,200, which calculation is "the calculation" that still is incorrect in ProSeries, and is that true once you confirm you updated your program, and also confirmed you are not looking at something you filed back in April?

Because it being "still incorrect" implies all updates were put in place before making this comment. All you can do now is confirm the Program Updates for ProSeries finally caught up with the late changes in the Fed (and State) provisions, or not, as Specifics. Not generically, that something in April was wrong based on the regulations that are now in place, based on late law changes.

This topic is from March. This is July. Everything has changed.

Don't yell at us; we're volunteers

K

Keet

Level 2

Yes, I posted yesterday that it was not taken it into the calculation and today reread the instruction and the calculation is incorrect. It affects it seems every other calculation so unless they are intentional hurting the people with fixed income and disabilities, it is an error. Would not put past hurting the retirees as the stimulus payments only go to those that file tax returns now and if they have not filed for a while, would not know to file now.

qbteachmt

Level 15

@Keet

"Yes, I posted yesterday that it was not taken it into the calculation and today reread the instruction and the calculation is incorrect."

Then you should start a topic of your own and put that info in the topic for discussion and review. All you did so far is blame the government that old people are being hurt and that the computation is incorrect. However, twice you are given the info that it is right.

So, please share something meaningful.

Don't yell at us; we're volunteers

Sign up

Login with SSO

Let's get you signed in

Login with SSO