Update – Unemployment & Tax Due

Posted at: March 17, 2021

UNEMPLOYMENT

The prior guidance on using worksheet 7 to put the unemployment is it not what the IRS wants at this time. We have heard that other software companies are "updated" but the IRS has not issued official guidance yet, so that cannot be true yet. So by the direction of the IRS, any return with unemployment should be held until we have the updated schema from the IRS and a tax software update. We are projecting end of the month, the 31st.

EXTENDED e-File

It appears the IRS will be extending e-file till May 15th or 17th. This is a developing story. You can keep updated by visiting IRS.gov


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Author: Mike Steele

Serial entrepreneur since 1994. Tax preparation and tax software have been my passion over the years. Bringing value to my customers has always been a priority. If it’s not great, keep trying.

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