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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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- Re: If a California LLC client with 2 members (50:50 owners) has an overpayment of 2021 CA PTE tax, how to apply this to 2022 PTE tax? If not, how to take direct deposit?
If a California LLC client with 2 members (50:50 owners) has an overpayment of 2021 CA PTE tax, how to apply this to 2022 PTE tax? If not, how to take direct deposit?
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Chris A
Level 1
02-28-2022
10:57 AM
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We spent an hour with Lacerte representative who was unable to find the answers.
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Karl
Level 8
03-05-2022
07:31 PM
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I would truly bet that neither is possible...yet.
This is all so new with the recent cleanup via Senate Bill 113. Lacerte's alerts from 2/23 say that they are waiting on FTB to finalize the forms regarding reordering the credits not to be subject to CA TMT, etc.
I would advise your clients to just take the refunds (via check if you aren't seeing a method for direct deposit).
They should have the check in time to turn back around as a payment by June 15th for the 2022 election payment. The FTB isn't as backed up as IRS is.
*If this (or another answer/reply) solves your problem, please click "Accept as Solution" to get this post out of the "Unanswered" queue of posts.*
