The applied estimated payments from 2020 to  2021 are not correct.   I noticed that a client  paid an extension payment 05/12/2021.  He had a refund that was to carry over to 2021 but only part of the refund carried over.   I got worried and had him pull his IRS transcripts for 2021 to confirm what the IRS shows.   Lacerte carryovers are NOT correct.  😞  

Any extension payments paid after 04/15/2021 (due to Covid was due in May) do not carryover correctly and affects the applied carryover payments.   This clients was $20,000 off!

I did an update in Lacerte today (01/12/2021) and I do know about the penality and interest not corrying over correctly.  This is also not correct. 

HELP