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Level 3
August 18, 2021
Question

Why are my clients receiving IRS notices that their "Recovery Rebate Credit" was miscalculated?

  • August 18, 2021
  • 1 reply
  • 2 views
I entered the amounts that were received and the worksheet calculated that they should get a credit and then the IRS says they need to pay the credit back???
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1 reply

Accountant-Man
Level 13
August 19, 2021

Your :"clients are receiving IRS notices that their "Recovery Rebate Credit" was miscalculated"

because the IRS says that the RRC was miscalculated.

I get calls or emails every day that the refunds were held up because the IRS changed the RRC calculations from the amounts THAT THE CLIENTS GAVE ME or THAT I CALCULATED USING ONLINE CALCULATORS.

 
 
 
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