How does a client know what the deferred self-employment payments will be? Is there a voucher?

Forum|Forum|5 years ago
February 26, 2021
7 replies
28 views

I have a client who has chosen to take the self employment tax deferral. Are there vouchers to give them to pay the next 2 payments due 12/31/21 & 12/31/22? Is there language in the letter edits that can be automatically added for this?

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

A preparer in another group said they read that IRS would send bills for this (couldn't provide any link to where they read it though), but ultimately its the taxpayers responsibility that its paid.

Just-Lisa-Now-

Intuit Community Champion

I dont think the letter as been customized for this special situation, whether its worth your time to go in and edit as a custom letter, youd need to decide.

I havent seen anything about how to make these later payments...would a 1040V for 2020 suffice? Will IRS send a bill? What about the payment due in 2022?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

B

barrysafeerAuthor

Level 4

And that is the challenge. How does the client make the next 2 payments? Hoping someone else will have a more constructive reply.

Sign up

Login with SSO

Let's get you signed in

Login with SSO