Setting COVID “Look-Back” EIC/ACTC & Form 7202 Validation Checks in the Software for TY2020
In our ongoing efforts to ensure you are aware of the new COVID “look-back” elections that may increase your client’s refund and/or reduce any tax due, we have created this short video walk-through showing the process of turning on 2 new validation checks. Having automatic validation checks set can provide that extra layer of confidence that the elections are being considered and may be especially useful for new preparers. Once set, these validation checks can be turned off if you decide they are no longer needed.
Recorded: February 1, 2021
Runtime: 0:4:47