zero income

[HOPE2]

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.

[taxiowa]

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

[sewcpa]

sometimes I call it estimated

[IRonMaN]

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!

[qbteachmt · Accepted solution]

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"