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Level 2
April 3, 2021

economic impact payment

  • April 3, 2021
  • 2 replies
  • 0 views

What to do if client can't remember how much they received in 2 EIPs?  If I leave input field blank will IRS make correction?

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    2 replies

    sjrcpa
    Level 15
    April 3, 2021

    Tell them to check their bank statements. Or access their account on irs.gov

    On the other hand, if you can clearly tell how much they would have gotten, I would use that.

    If you leave it blank, I'm sure IRS will correct it, but you may be giving your client a tax return with an $1,800 or more refundable credit on it. What do you think they'll say to you when IRS chops it?

    The more I know the more I don’t know.
    IRonMaN
    Level 15
    April 3, 2021

    When in doubt, I assume they got the full amount that they would have been eligible for.  I would rather have the IRS make a correction to the client's benefit than the other way around.

    Slava Ukraini!
    sjrcpa
    Level 15
    April 3, 2021

    Same here.

    The more I know the more I don’t know.