Christian Posted February 2, 2021 Report Share Posted February 2, 2021 A client couple advises they got EIP 1 for themselves and their 17 year old daughter (daughter's birthday is 8/20/2003) and EIP 2 for themselves and their daughter. The daughter was not 16 years old or less in 2020. I don't plan to do squat about it. If the Service did not check these kids dates of birth it's their problem. 1 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted February 3, 2021 Report Share Posted February 3, 2021 The advances were made based on eligibility on the 2019 or 2018 returns. The actual credit is on the 2020 return. The IRS has been clear from the beginning that qualified advances do NOT have to be repaid on the 2020 return; that the advances are reconciled with the RRC on the 2020 return, but not below zero, either zero or an extra amount of credit on the 2020 return. Don't worry about it. 3 Quote Link to comment Share on other sites More sharing options...
Christian Posted February 3, 2021 Author Report Share Posted February 3, 2021 What caught my attention was the wording of the ATX worksheet. My understanding was inline with yours. 1 Quote Link to comment Share on other sites More sharing options...
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