Teri2414 Posted March 6, 2011 Report Posted March 6, 2011 I'm having a reject problem with the repayment. States the repaid amount cannot exceed credit received. I did not prepare the 08 return but it reads $7,490. Client also received a letter from Fresno center denying the credit back in 09. He states he did receive the credit and also received a letter from a different center reminding him to start paying back this year. I'm thinking maybe the centers aren't communicating properly with each other and maybe we'll have to paper file this return. Any other thoughts out there? Quote
Teri2414 Posted March 6, 2011 Author Report Posted March 6, 2011 Nevermind - it seems there is an IRS issue with this when the credit being repaid isn't the maximum.......if only he'd paid $100 more for his home.....just being sarcastic. Quote
Lion EA Posted March 6, 2011 Report Posted March 6, 2011 Thanks for the heads up on this. I have one on hold awaiting her corrected 1099-B, but she's repaying on a smaller amount than the full $7,500 due to income phase-out that year. Quote
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