My client is receiving a refund but the system is generating estimated taxes to be paid in 2022. Anyone having this issue? Why would this be?

k-mcdonald627-gm · ‎01-26-2022

IRonMaN · ‎01-26-2022

Check out the rules for avoiding underestimate penalties and that might shed some light on why the estimates are being generated. Hint - just covering the prior year tax doesn't avoid penalties for higher income folks.

Slava Ukraini!

George4Tacks · ‎01-26-2022

Use the override, IF YOU, AS THE PAID PREPARER, ARE SURE THAT THEY ARE NO NECESSARY.

https://proconnect.intuit.com/community/estimated-taxes/help/override-estimated-tax-voucher-payment-...

Answers are easy. Questions are hard!

k-mcdonald627-gm · ‎01-26-2022

Thanks Ironman. This was helpful!

k-mcdonald627-gm · ‎01-26-2022

Thank you! I will take this approach since I do not believe it will be necessary.

IRonMaN · ‎01-26-2022

You betcha!

Slava Ukraini!

My client is receiving a refund but the system is generating estimated taxes to be paid in 2022. Anyone having this issue? Why would this be?

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