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New Issues & Remaining Impact of Rescue Act

March 30, 2021

We have two new issues being tracked in the log:

  • 5883 impacting Oregon: When a PY or NR return is opened the “rotating calculating icon” appears. Resident OR returns are not affected
  • 5901: Unemployment exclusion not being properly applied when MAGI is over 150,000 including UE, but under 150,000 when excluded.

From my current understanding, in addition to the above related to the American Rescue Act:

  • Issue 5822: Federal UCE included on Line 13b of Injured Spouse Form
  • Repayment of the Premium Tax Credit.  To date the IRS has not provided any guidance to software vendors on how to handle the change.  The IRS has not announced how returns already filed will be handled.
  • The IRS has not adjusted their business rules to support direct debits past 4/15/21

Please share with your District Leadership and Counselors.

Related Posts

TaxSlayer /

ABLE & 529 Credits Problems – Workarounds

TaxSlayer /

Can file new Unemployment but continue to hold on APTC repayments

TaxSlayer /

TaxSlayer Update RE: Unemployment

‹ Can file new Unemployment but continue to hold on APTC repayments › ABLE & 529 Credits Problems – Workarounds

MOST USED TOOLS

  • Scratch Pad
  • Dependent Qualification
  • Annuity/Pension Exclusion
  • Education Benefits – Complex
  • Education Benefits – Simple
  • Taxable State Refund
  • OR-Fed Pension Subtration
  • OR-Special Medical Subtraction
  • Oregon Kicker
  • Tax-Aide/NTTC Documents

Where To Get Help – Volunteer Tax Preparers ONLY

IRS VITA/TCE Hotline
800-829-8482 (800-TAX-VITA)
1/20/2025 – 4/18/2025
Monday-Friday 7AM-7PM

Oregon Practitioner Helpline
(503) 947-3541
Email: prac.revenue@oregon.gov

TaxSlayer Volunteer Support
800-421-6346
support@vita.taxslayerpro.com

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