Leaderboard

Copied from IRS eNews: The IRS will present a webinar, Tax Withholding Estimator , at 2 p.m. ET on Sept. 19. This 120-minute webinar will illustrate the improved features and design of the new IRS Withholding Estimator and teach tax professionals how to use it. Tax pros can earn two continuing education credits by participating. Go to irs.gov to Webinars for Tax Practitioners in order sign up.

Safe link: https://www.irs.gov/businesses/small-businesses-self-employed/webinars-for-tax-practitioners

But it's not a solvable problem in the catch-22 situations.

Catherine & Gail: Thank you both for your comments and excellent suggestions. I'm going to pass this along to the client.

This isn't about getting more bang for your buck because you have higher end software. Drake is certainly more affordable than either ATX or ProSystem, and it generally does the calculation too, but this is a recognized problem for software in this specific situation. Abby Normal's post above perfectly describes what happens sometimes when applying the iterative calculation where he said it's "the catch-22 where deducting SEHI qualifies you for a PTC, but then the PTC lowers the SEHI so much that it disqualifies you for the PTC."