Superseded MFS Tax Returns re: Disqualified Joint Unemployment Exclusion

[Bobby1]

Is anybody filing "superseded" married-separate tax returns for excess-of-150k-AGI clients with unemployment income who filed jointly before the unemployment exclusion was born? It doesn't look like IRS's automatic unemployment refund program is going to address these taxpayers. 3% of my client base is affected by this situation.

[Slippery Pencil]

I don't have any clients in that situation, but Ed Zollars discussed it on his podcast Monday, http://www.currentfederaltaxdevelopments.com/podcasts/

[Bobby1]

Thank you for your reply! Interesting podcast. He mentioned that IRS may not recognize the 5/17 extended due date for superseding tax returns. Filing an extension doesn't postpone the date for the joint-to-MFS maneuver as it would for other situations. But my professional integrity demands me to proceed onward unlike some of my colleagues who are choosing to ignore the situation. I just can't ignore it because most of my clients are eligible for an additional $2,200 refund minus any additional overall tax from filing separately. This has been the craziest Tax Season ever. Thanks again!

 

 

[Lion EA]

Tax Practice Pro has some current on-demand webinars. One by Kathy Morgan is on Superseding returns. https://taxpracticepro.teachable.com/

[Bobby1]

Thank you! I appreciate your reply and the information!