Lee B Posted May 28, 2021 Report Posted May 28, 2021 Multiple news sources are reporting: It will take the IRS until the end of this summer before everyone gets their return recalculated and their refund issued. None of the IRS's online tools will show the status of these refunds, so we will get a number of client calls. The IRS does not want any amended returns submitted until they have finished this process. 3 2 Quote
Slippery Pencil Posted May 29, 2021 Report Posted May 29, 2021 I'm not going to get a single call on this. I informed my clients of the bill in congress and they all decided to wait to see if it passed. If preparers didn't inform their clients of the situation and went ahead and finished returns, it's hard to feel sympathetic to any problems they brought upon themselves. Quote
Lee B Posted May 29, 2021 Author Report Posted May 29, 2021 Don't pat yourself on the back too hard. Perhaps you have forgotten about the $ 150k exclusion reversal? 1 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.