Estimated Tax Payment not credited

Forum|Forum|5 years ago
May 4, 2021
4 replies
13 views

My clients made a 4th quarter estimated tax payment for 2020 taxes on January 10, 2021.

They have proof that the check was cashed.

The IRS just sent them a notice that they owe $40,000 for 2020.

Help! What should we do next?

They do not reply to letters. I have tried that with another client.

ProSeries Professional

This topic has been closed for replies.

sjrcpa

Level 15

They eventually reply to letters.

If you are the third party designee you can call and 'splain.

The more I know the more I don’t know.

qbteachmt

Level 15

"The IRS just sent them a notice that they owe $40,000 for 2020"

How do you know the issue is that one payment? Have them pull their tax account transcript:

https://www.irs.gov/individuals/get-transcript

Don't yell at us; we're volunteers

BobKamman

Level 15

Was the check for $40,000?

Did they mail it with a 1040-ES voucher for 2020?

They eventually respond to letters. You can call and listen to music for three hours and someone will tell you to mail them a copy of the front and back of the check. Or you can do that without calling.

Just-Lisa-Now-

Intuit Community Champion

Respond to the letter with copies of the canceled check that they arent showing record of receiving.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Sign up

Login with SSO

Let's get you signed in

Login with SSO