As a Turbo Tax user for many years, I'm disappointed that I have not received any direct, updated information from the company regarding the resolving of the American Rescue Plan conundrum for those of us who filed our taxes before it's passage. So my questions are......1) What's the latest guidance from Turbo Tax regarding the American Rescue Plan's impact for those of us who qualify to benefit from the plan but have already E-filed our returns. 2) How will that impact on the state return that we paid an additional $25 to be e-filed to our state? and 3) How we will get a copy of the return(s) if the IRS does a correction on their end without us having to amend a return on our end? Seems this will impact our ability to transfer our information for the tax year 2021. Please clarify.
Just to be sure that I am understanding this correctly....1). once a newly calculated Federal Tax return shows up in my Turbo Tax account (which it recently did) in place of the original one that I submitted...I don't have to refile as it's already in their hands? Or is it? 2). My e-filed state (Michigan) has not been corrected by the Michigan tax division yet....can I assume they will do the corrections just like the IRS did? I am unclear on whether it will need to be refiled or not. Appreciate your feedback.