dsurkin
Level 2
09-19-2024
09:21 PM
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Client's 2023 return (MFJ, NY resident) included estimated tax payments for 2024. Client opted to stuff all the estimated tax payments into his December IRS withdrawal, so he didn't make quarterly payments. The estimated tax module in Tax Advisor calculates the tax due as the tax on his income PLUS the amounts from the estimated vouchers. This vastly overstates taxpayer's balance due.
Any suggestions on how to correct this? Thanks.
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