Paying Deferred SE Tax by 12/31/20 and 12/31/21

Forum|Forum|5 years ago
March 6, 2021
5 replies
20 views

Trying to figure out how a self-employed person actually pays the self-employment tax deferred for 2020 *(see Schedule SE, Part III). I can't seem to find anything in the SE tax instructions, on the IRS website, or in the filing instructions letter generated by ProSeries. I know 1/2 is due by 12/31/21 and other 1/2 due by 12/31/22. Is there a specific transmittal form and/or address to use? Can you set up in ProSeries to automatically epay on those dates? Do you just go to IRS website and say you want to epay balance due for 2020? HELP

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

I dont think anyone has seen any guidance for this. I thought I read somewhere that IRS would send a bill/notice for it, but I cant confirm this to be true.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

rbynaker

Level 13

Excellent, your research has reached the same conclusion as mine. 🙂 If there's been any guidance from the IRS, I haven't seen it yet. I would just make a list of clients in this situation and blast out an email later in the year once the IRS figures out what they're doing.

Rick

PS: On one of my vacations I did some camping in the "NW Angle" of MN. Driving there (from MN to Canada then back to MN) had the most interesting border security I've ever seen. It was a building about the size of a small shed with a U.S. phone on one wall and a Canadian phone on the other. You literally just "phoned in" your immigration.