Question
IRS Notices that adjust overpayments from one year to another
How do you handle clients where the IRS or state adjusts the overpayment applied towards the next year before you roll the return.
Example: when the return was prepared, the over payment applied towards next year was 1,000. IRS sends a notice and adjusts it to 850.
How do handle this in Lacerte so the correct carry forward is rolled forward?
