It will be interesting to see if the IRS will also catch the PTC repayments since I have clients who had to pay back some of the credit because the unemployment was taxable ... removing the unemployment affected the PTC repayment which is no longer required. So will the IRS catch both items on the return or not is the question of the day.
And will they also redo any return with the PTC on it and no unemployment ??? I also have clients in this situation.
I feel sorry for the IRS to have to deal with this AND getting out the 3rd stimulus payments during an active tax season ... someone didn't think this through very well AGAIN.
