Discussion:Advanced Earned Income Credit
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Discussion Forum Index --> Accounting Questions --> Advanced Earned Income Credit
| 22 May 2009 | |
| I have a payroll client - single mom 4 kids. One of their employees, earns about $12,000 a year, co-signed for her deadbeat ex-husbands student loan and so the IRS is taking her refund money which was going to go towards part of her kids college tuition. They took about $2,500 for 2008. She wanted to know what she could do and so i told her she could eliminate her federal withholding to 0 and also receive the Advanced EIC.
The above is straight forward. My question is - can I go back and adjust her previous 10 paychecks so that she gets the advanced EIC for each of those? I am assuming that I could re-do the paychecks <with her employer's permission> and then amend the 941. I'd prefer to calculate the Advanced EIC for those 10 paychecks and give it to her in her next paycheck and then I wouldn't have to amend the 1st quarter. | |
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