COVID Relief Provisions Software Walk-Through for TY2020
The 2021 software program contains important new updates associated with these (3) new COVID relief provisions for TY2020:
• Recovery Rebate Credit Worksheet to Report Economic Impact Payments 1 and 2
• Election to Substitute 2019 Earned Income to Refigure EITC and ACTC
• Form 7202: Election to Substitute 2019 Net Self-Employment to Refigure Credits for Sick and Family Leave
In this helpful, short training video walk-though, you can see how easy it is to complete the entries in the desktop software and most importantly, ensure you are aware of these new COVID elections for TY2020 that may increase your client’s refund and/or reduce any tax due.
Recorded: January 18, 2020