this is a bit troubling...I went to check my previously filed returns...and all those ones with unemployment have been changed to reflect the nontaxable portion of unemployment..how will this affect my clients...these returns were all ready filed and accepted...
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It won't affect the returns that have efiled/accepted. But you can use the changed return as guidance as to what your clients should receive from IRS when (if) they do adjustments to issue refunds.
Then we as preparers do nothing? The IRS is going to handle this mess...Thankyou for answering. Debbie
Yes, as of now we do nothing.
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