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HOPE2
Level 7
January 31, 2022
Solved

zero income

  • January 31, 2022
  • 3 replies
  • 0 views

Client want to have E-file with zero income, can I e-file it, if not, should enter $1 on other income but what section is the best. Interest section ask the name of payer! No have payer. Please help me to move forward. New in Proseries.

 

Greatly appreciate.

This topic has been closed for replies.
Best answer by qbteachmt

Read this:

https://www.irs.gov/pub/irs-drop/rp-22-12.pdf

Rev. Proc. 2022-12

"This revenue procedure provides procedures for individuals who are not otherwise required to file Federal income tax returns for taxable year 2021 to claim the child tax credit under § 24, to claim the 2021 recovery rebate credit under § 6428B, and to claim the earned income credit under § 32"

3 replies

taxiowa
Level 8
January 31, 2022

I just put down "bank intereest" as name of bank and put in $1.  Sometimes I even spell it correctly.

Level 6
January 31, 2022

sometimes I call it estimated

IRonMaN
Level 15
January 31, 2022

But why skimp out on a dollar of bank interest?  Go for the big time and call it $1 lottery winnings - let your client be the envy of the neighborhood!

Slava Ukraini!
qbteachmt
qbteachmtAnswer
Level 15
January 31, 2022

Read this:

https://www.irs.gov/pub/irs-drop/rp-22-12.pdf

Rev. Proc. 2022-12

"This revenue procedure provides procedures for individuals who are not otherwise required to file Federal income tax returns for taxable year 2021 to claim the child tax credit under § 24, to claim the 2021 recovery rebate credit under § 6428B, and to claim the earned income credit under § 32"

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