Error in tax calculation

Forum|Forum|4 years ago
March 30, 2022
1 reply
12 views

A client just dropped off a letter they received from the IRS on our 2021 filing. Filed hoh, wages, student loan interest deduction, and standard deduction. The IRS changed the tax amount by $276 lower than we had. There were no overides in the software. I unlocked the return and it did not change. I looked up the tax in the tables and the IRS is correct.

WOW!!!!

Lacerte Tax

This topic has been closed for replies.

George4Tacks

Level 15

Use Ctrl + L to send the return to Lacerte for them to research. It is like an e-mail to the programmers.

Answers are easy. Questions are hard!

S

scheunemanncpaAuthor

Level 5

I did that now. I set up a test file and it did the calculation correctly. I don't see anything in the file that would change. No overrides anywhere in the affected file.

S

scheunemanncpaAuthor

Level 5

I found the issue. There was recapture of prior year AOC for the difference in tax. The IRS did not recognize that in their calculation. There was a statement attached for that calculation.

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