Sched M

[S T]

Okay, received the first reject on this issue.

T/p was under 65, had received SSDI benefits in 2008, so he didn't think about receiving the $250 in 2009, as he his no longer receiving the SSDI benefits, nor did he receive in for year 2009

Reject received contacted t/p and had him call SSA - sure enough he received the $250 payment.

Question - I have to correct the Schedule M - which will reduce his refund by $250, do I need NEW forms 8879 signed? I think so, but I haven't had this issue before

Thanks,

Sandy

[Koss]

New Signature

Yes, you need a new 8879.

Any change to the return that increases or decreases the refund or balance requires a new signature. There is an exception for cases where you are correcting a minor mathematical error, or where the change in the amount is caused only by rounding or something. I think you can skip the new Form 8879 if the amount of the change is $14 or less.

BMK

[S T]

One more thing

Thanks Burton for the confirmation and speedy response.

Sandy

[Chief]

New 8879

I just had a client in the same situation. I keptthe old 8879 until I had a new one signed by him.

[MAJ]

SS $250 verification

I haven't had any rejections yet but my clients said they don't know if they received it. I attempted to look on the SS site to see if there was a way to verify but didn't find anything. Hopefully I'm wrong. Anyone know otherwise?

Anyway - I told them we could wait to verify the information by calling SSA or assume it was received. I explained how much the difference can/would be so they could make an informed decision. So far all have opted to proceed assuming received.

That's the primary reason I like people dropping their stuff off. So I can do a thorough review and questions provided or emailed to them. Life is easier that way. Some just don't like that idea.

[Bert73]

I had the same reject yesterday, but this client recieves Military Death benefits. The best lessons are learned when you mess up. This was a long time friend and I didnt even think of the death benefits until the reject came. Once the Taxpayer was called she totally understood and did not remember recieving the $250 and that it would effect her return( she is 42). I will not make this error again!

[Mike Mac]

Grrrr!!

I had my first "M" reject a couple days ago. I called my client. He knew he had gotten the $250 deposit (He gets some tax-free VA disability benefits). He knew he was suppose to tell me about it. He just didn't tell me and was hoping he'd get an extra $250 out of the deal. He actually said something about "rip off" when I told him we had to subtract $250 off of his $400 because he already had it given to him back early in the year.

We meet all kinds in our business.