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Level 5
March 12, 2021
Question

Self employment tax deferral

  • March 12, 2021
  • 9 replies
  • 36 views

Client filed his 2020 tax return. He owed s/e tax. He did not defer any of the s/e tax. Can he amend his 2020 tax return to defer the maximum amount.

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9 replies

Just-Lisa-Now-
Intuit Community Champion
March 12, 2021

Did he have a refund on his 2020 return? 

If you end up with a refund they wont let you defer, they'll reduce the refund.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
tscottAuthor
Level 5
March 13, 2021

No refund. The taxpayer owed

Just-Lisa-Now-
Intuit Community Champion
March 13, 2021
If they havent paid yet, I guess it may be possible to utilize the deferment.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪