I got a notification about my client having unemployment income. How can I see the Tax Report and Scenario Analysis?
When an upload is flagged for Unemployment Comp Taxability Change, we send the uploader an email alerting them of this.
"Because of the American Rescue Act, unemployment compensation is now tax free up to $10,200 per spouse. It looks like this return was filed pre-American Rescue Act and now doesn't match our calculations."
Typically when we have a calculation mismatch error like this we'll hold the return back from the tax report and scenario analysis screens, since those screens might display some information that contradicts what is printed on the return.
If you would like, we can manually put this return through, with the caveat that this new unemployment treatment will impact what you see. Just respond to help@holistiplan.com and we'll push it through for you.