SSA-1099 Garnishments or Tax Offset

Forum|Forum|4 years ago
April 25, 2022
3 replies
18 views

Is there any place in Pro Series to put a "Treasury Payment Offset Garnishment and/or tax levy" from a SSA-1099?

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

No, it doesn't play a part in the tax return.

Just-Lisa-Now-

Answer

Intuit Community Champion

No, it doesn't play a part in the tax return.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

dascpa

Level 11

Just-Lisa-Now - why are all of your replies posting twice? Been that way for a while now???

Just-Lisa-Now-

Intuit Community Champion

weird, I'm only hitting submit once and only seeing them once

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

qbteachmt

Level 15

Do you know what it is for? "may be withheld to pay child support, alimony, or court ordered victim restitution; and/or part of your Title II Social Security benefits may be withheld to pay your debt to the IRS."

For instance, it might be for paying Fed taxes owed in a prior year. If your taxpayer itemizes, or takes Fed taxes as deduction for State, you would treat it the same as if they made this payment.

A garnishment or levy is to force their money to be used, because your taxpayer tried to avoid paying for them selves, so someone made their payment for them using their money.

Don't yell at us; we're volunteers

ljr

Level 9

why would you need to show an offset - the full amount would still be taxable income (depending on income levels)

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