Corduroy Frog Posted February 9 Report Share Posted February 9 Has probably been asked before, but the board is very active these days. What about the well-publicized change for more "Additional" Child Tax Credit and 100% Bonus Depreciation? Has this happened yet? I'm holding a couple tax returns waiting, and for Drake to update when it does... Thanks, Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted February 9 Report Share Posted February 9 Passed the house. Senate has not voted yet. Tom Longview, TX Quote Link to comment Share on other sites More sharing options...
Lee B Posted February 9 Report Share Posted February 9 As far as the CTC you can go ahead and file. If the bill passes, the IRS will make any adjustments internally and issue any additional refunds due. Very similar to how unemployment compensation was handled several years ago. 1 Quote Link to comment Share on other sites More sharing options...
mcb39 Posted February 9 Report Share Posted February 9 We have filed several already and alerted all clients. Until they give us some guidance, we are not letting our clients wait for legislation and then updates to software before they can file. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted February 9 Report Share Posted February 9 41 minutes ago, mcb39 said: We have filed several already and alerted all clients. Until they give us some guidance, we are not letting our clients wait for legislation and then updates to software before they can file. What are you doing about R&D amortization? I am probably going to extend my one corp that has this issue. Tom Longview, TX Quote Link to comment Share on other sites More sharing options...
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