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Level 1
September 15, 2021
Question

Does anyone know when you have to file a return in order to keep your credit for any estimated payments?

  • September 15, 2021
  • 3 replies
  • 12 views
My client made an estimated payment in 2014 of $25,000 and never filed the return. Can they still file and apply the $25,000 estimated payment?
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3 replies

Just-Lisa-Now-
Intuit Community Champion
September 15, 2021
They probably got an IRS letter a few years ago telling them they had a credit and to file a return by XX date in order to not lose it.....2014 was a looong time ago, they may be outta luck.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
September 15, 2021

They'll get credit for the estimated tax payment on the 2014 tax return but they won't get a refund.

The more I know the more I don’t know.
PATAX
Level 12
September 16, 2021

My experience with the IRS is that they are honest... If an overpayment exists that the client was unaware of, then eventually they would either get a letter informing them of this or they would send the overpayment to them... Just my opinion...