PRIOR YEAR RETURNS: AVOIDING IRS REJECT F1040-034-07 (02/01/2024)

PRIOR YEAR RETURNS: AVOIDING IRS REJECT F1040-034-07 (02/01/2024)

The IRS currently has a business rule in place that will erroneously reject any 2022 or 2021 return that has a 1099-R with Federal Withholding.  They are working with industry to determine the best resolution.  During the meantime, we strongly recommend that you tag any prior year return that you are planning to electronically file that has a 1099-R with a Federal Withholding amount.


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