Level 5

Solved

Unemployment Adjustment

Forum|Forum|5 years ago
March 21, 2021
10 replies
28 views

Is my understanding correct that the IRS will reimburse taxpayers for the UC adjustment.

Amended returns will not need to be filed?

Thank you.

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

https://twitter.com/IRSnews/status/1373696157814296581/photo/1

Just-Lisa-Now-

Answer

Intuit Community Champion

https://twitter.com/IRSnews/status/1373696157814296581/photo/1

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Camp1040

Level 10

I am so happy I don't use that tweeter thing😊😊

abctax55

Level 15

🐦🐦

@Camp1040 - THOSE are the emojis you should have use....

HumanKind... Be Both

qbteachmt

Level 15

Just to clarify: "that the IRS will reimburse taxpayers for the UC adjustment"

Uh, no. The expectation is they will rework the tax filing to "do the math" if something is filed incorrectly (such as, before the form calculations were updated for the UI exclusion).

The use of the word "reimburse" is a bit problematic. That isn't what happens.

Don't yell at us; we're volunteers

jclark11

Level 3

The problem is a previous filing of mfj should be amended or superseded tax return should be filed because mfs will get some of them under the threshold and get to excluded the full amount.

qbteachmt

Level 15

"The problem is a previous filing of mfj should be amended"

The IRS has emphatically stated in more than one place and on more than one occasion that you are not supposed to Amend at this time. That's not a problem; that's not even necessary right now.

Don't yell at us; we're volunteers

abctax55

Level 15

Michele, @jclark11 is referring to a situation whereby switching from MFJ to MFS may be beneficial due to the new UCE. In those cases, the switch must be done by either an amended or (IMHO) a superseding return. It is not a scenario that the IRS will do for the taxpayer.

HumanKind... Be Both

Sign up

Login with SSO

Let's get you signed in

Login with SSO