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Client received lump sum payment for workman’s comp which included a large payment for interest. Is the interest portion taxable?
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Are they going back and correcting all changed returns or do we have to respond on each individual notice?
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Same here pro series is calculating correctly, n.y. is figuring tax incorrectly on married returns with taxable income over $107,000.
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So if they didn’t itemize in the previous year it’s not taxable?
