Form 8879 is signed and after client left office I noticed input error I made. Error causes $1 less federal refund. What is the amount the 8879 can be off without a resign?
Thanks
Thanks
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$12 ??
Think someone answered this recently. Maybe, $12 (14?) tax &/or $50 income or AGI. -
Thanks Lion
I was thinking 10 and 50 but that is close enough for me. Just wanted to make sure.Comment
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The answer used to be on the back of the 8453, now I can not find it, on the 8453 or 8879. I remember the variance for wages was 25.00 and the variance for withholding was 7.00. Well I just found the instructions for 8453 from 2004. It states Line 1 variance is 50.00, and lines 2 & 3, the variance is 14.00. This is not current info, but gives you some kind of guideline.Comment
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From my earlier post on another Thread
From Pub. 1345
Taxpayers must sign a new declaration if the electronic return data on individual
income tax returns is changed after taxpayers signed the Declaration of Taxpayer and
the amounts differ by more than either $50 to “Total income” or “AGI,” or $14 to
“Total tax,” “Federal income tax withheld,” “Refund,” or “Amount you owe.”
From TTB 15-11
Tax return changes require new signature. If a declaration has
already been signed by a client, and a correction is made on the
return, a new signature is required if the correct amounts differ
by more than either $50 to total income or AGI, or $14 to total tax,
federal income tax withheld, refund, or amount owed.Comment
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