Drake Software - Unemployment Update
Posted: 17-Mar-2021 4:10pmJust received this:
UNEMPLOYMENT
The prior guidance on using worksheet 7 to put the unemployment is it not what the IRS wants at this time. We have heard that other software companies are "updated" but the IRS has not issued official guidance yet, so that cannot be true yet. So by the direction of the IRS, any return with unemployment should be held until we have the updated schema from the IRS and a tax software update. We are projecting end of the month, the 31st.
UNEMPLOYMENT
The prior guidance on using worksheet 7 to put the unemployment is it not what the IRS wants at this time. We have heard that other software companies are "updated" but the IRS has not issued official guidance yet, so that cannot be true yet. So by the direction of the IRS, any return with unemployment should be held until we have the updated schema from the IRS and a tax software update. We are projecting end of the month, the 31st.