Re: 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?

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.