Skip to main content
Level 5
April 10, 2022
Solved

Cx owes $36 to the FED. Why is Pro Series printing up 1040-ES totally $8552?It just confusing the clients and me, too.

  • April 10, 2022
  • 1 reply
  • 10 views
No text available
This topic has been closed for replies.
Best answer by TaxGuyBill

How do I turn off the 110% rule in ProSeries?

Thanks,

C


There is an Estimated Tax Worksheet, and at the top it gives you various options for generating 1040ES's.

But as was mentioned, you may want to give them to the taxpayer and explain how the 110% thing works, so the taxpayer can make the decision for what to do.

1 reply

abctax55
Level 15
April 10, 2022

1)  What's a Cx?

2) Did they have estimates paid for 2021 (even tho they now only owe $ 36)

3) 110% rule depending on income.

HumanKind... Be Both
chapguy19Author
Level 5
April 10, 2022

Cx is short for client.

Did not pay estimates.  All taxes paid were through their W-2.

110% doesn't apply here since Pro Series doesn't know what their tax liability was last year.  This is my first year with them.

Jim-from-Ohio
Intuit Community Champion
April 10, 2022

check the box to not have estimated vouchers print on the 1040 ES Wks