Virginia Society of Tax & Accounting Professionals - IR-2022-24: IRS provides revised answer for 2020 Recovery Rebate Credit on tracing payments

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IR-2022-24: IRS provides revised answer for 2020 Recovery Rebate Credit on tracing payments

IR-2022-24: IRS provides revised answer for 2020 Recovery Rebate Credit on tracing payments

03 Feb 2022 7:46 AM | Anonymous

WASHINGTON – The Internal Revenue Service today updated its frequently asked questions (FAQs) on 2020 Recovery Rebate Credit (FS-2022-08) PDF.

This updated FAQ includes a revision to the information on tracing payments under Topic F: Finding the First and Second Economic Impact Payment Amounts to Calculate the 2020 Recovery Rebate Credit:

Question 8, Topic F: updated

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.

More information about reliance is available.

More information on the Recovery Rebate Credit is available on IRS.gov.

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