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  • 1.  RECOVERY REBATE CREDIT

    Silver Most Valuable Member
    Posted 09-27-2021 07:38 PM
    I ask every 1040 client what amount did they receive in the recovery rebate credit in

    April and Dec. Jan.2021.

    Thats the amounts i used on the return, 

    however every client  is wrong. per the IRS

    Is any body else having this problem.

    Thanks

    Ken Zweibel 
    516-639-0858

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    Kenneth Zweibel
    KENNETH J. ZWEIBEL, CPA PC
    East Northport NY
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  • 2.  RE: RECOVERY REBATE CREDIT

    Bronze Most Valuable Member
    Posted 09-27-2021 08:18 PM
    It seems all are clients have selective memory loss

    None of them remembered getting the payments until now when IRS is sending bios for the credits we took on their returns

    Sent from my iPhone


    Original Message


  • 3.  RE: RECOVERY REBATE CREDIT

    Bronze Most Valuable Member
    Posted 09-28-2021 09:47 AM
    I even added a line to my engagement letter and client prepared information to write in the amount of the first, and second credit (as client's don't usually return engagement letters until they send information)

    Even when they were pressed to put in writing, several were incorrect, saying they did not receive it, and then I waste time looking into their notice as to why the refund or amount due is different.

    But I will put in the request for information in writing for the third rebate as most clients were correct.

    Martha Berghahn



    Original Message


  • 4.  RE: RECOVERY REBATE CREDIT

    Bronze Most Valuable Member
    Posted 09-28-2021 08:24 AM
    I've had about 1/2 dozen wrong. some forgot they received two or only a partial.

    --
    Gerald S. Cohen, CPA
    cell 516 455-0643



    Original Message


  • 5.  RE: RECOVERY REBATE CREDIT

    Posted 09-28-2021 08:57 AM

    Yes

    My clients as well.

    I have instructed them to register at the IRS.gov site and search their economic recovery payments that way.

    Still coming up with some very strange figures.

     

    Pamela Sollog, CPA

    Farmers Agent

    Pamela Sollog Agency

    129 Glenwood Road

    Glenwood Landing, NY  11547

    516-674-3276

    FAX:  516-977-7570

     




    Original Message


  • 6.  RE: RECOVERY REBATE CREDIT

    Posted 09-29-2021 07:21 AM

    Having the same issues with clients but most when they "finally" really retrace the amounts they received versus what they should have gotten have been correct or off by less than $100. Not sure how to find the $100 or worth trying to go after it?!

    Anyone having issues with 3rd Stimulus? For a few clients who either had a child in 2020 or did not have a dependent in 2019 (ie Taxpayer takes child every other year) but did in 2020 they are not receiving the $1400 for the dependent. 



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    Deborah Dolan
    DJ Dolan Tax Service Inc
    New Hyde Park NY
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    Original Message


  • 7.  RE: RECOVERY REBATE CREDIT

    Posted 09-29-2021 09:33 AM

    Just had the same issue. Had the client obtain a login to IRS website. Went on with her and there was the payment that she said she never received.

     

    Regards,

     

    Terry L. Ehrlich, CPA

    Ehrlich & Company CPA's LLP

    125 Jericho Turnpike, Ste. #502

    Jericho, NY 11753

    O: (516) 280-2850 ext. 110

    C: (516) 857-1908

    F: (516) 977-9199

     




    Original Message


  • 8.  RE: RECOVERY REBATE CREDIT

    Silver Most Valuable Member
    Posted 09-28-2021 09:44 AM

    Not 100% of the time, but certainly a large percentage of clients.   Mark S. Rosman, CPA

     




    Original Message


Discussion Disclaimer

The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion.