Issue Summary:
We have identified an issue in the preparation of the Individual Tax Return (Form 482) related to Informative 480.6A. Our system transferred the interest reported in Box 2 of Informative 480.6A to Column C of Schedule FF, when the correct transfer should have been to Column D.
We have identified an issue in the preparation of the Individual Tax Return (Form 482) related to Informative 480.6A. Our system transferred the interest reported in Box 2 of Informative 480.6A to Column C of Schedule FF, when the correct transfer should have been to Column D.
Current Status (SURI and Department of Treasury):
We currently have an official inquiry open with the Department of Treasury to resolve this matter.
The Department has confirmed that filed returns currently under the status "In Process" in SURI due to this issue will be processed manually by Department personnel.
The Department has confirmed that filed returns currently under the status "In Process" in SURI due to this issue will be processed manually by Department personnel.
What are your options?
Depending on your urgency, you have two options to handle this situation:
Depending on your urgency, you have two options to handle this situation:
- Option 1: Wait for manual processing (No action required) If you decide not to take any action, your return remains valid. The Department of Treasury will process it manually. However, please note that manual processing may take longer than usual for the return to be approved or for a refund to be issued.
- Option 2: Submit an amendment (To expedite the process) If you want to speed up the processing of your return, we recommend submitting an amendment. When you amend, the system will ensure that the amount from Box 2 of 480.6A is correctly transferred to Column D of Schedule FF, allowing the SURI system to process it automatically and much faster.
We will keep this article updated as we receive more information from the Department of Treasury.