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PSTX

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  1. For this return, the IRS said it was the recovery rebate credit only.
  2. Thank you. MFJ, 2 small kids, his W-2 of $11.000, his sch C $91000 LOSS, interest income $200, Itemized $31,000 (includes medical of $21000), IRS says they got $900 for the rebate sent in 2008 (for line 70 schedule - on line 28), and withholding of $509 Program computes no tax and no rebate, just a refund of $509. IRS just sent a check for 1809
  3. I asked tech support why my client got $1300 more in a rebate credit than what was calculated by ATX. I emailed the return to her, she consulted with others. ATX tech support said that the rebate is determined by the IRS and that it is beyond the function of the ATX program to calculate it. The IRS decides if a client is due a payment. There can't be a calculation for that. It is beyond the scope of the ATX program. She said that calculating the credit is not a math calculation, the IRS decides who receives the credit. I'm stunned and at a loss. Good thing the rebate madness ends this year.
  4. 2nd IRS employee said she was owed more, 3rd said she wasn't because of a "credit elect" Haven't tried Tech yet, I will this afternoon.
  5. The Worksheet for Line 70 - Recovery Rebate Credit. One IRS employee informed me that many of the tax prep software programs do not compute this correctly.
  6. I have had two changes in the economic stimulus payment computation for the 2008 returns The IRS decreased one and increased another client. For the decrease, I spoke to 3 people at the IRS and got three different and incoherent answers as to why. For the increase, the Where's My Refund option said there was a mistake on the return and the extra refund was the stimulus payment due.Anyone else have this problem with the software?
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