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How to set up an electronic payment to MD for resident estimated tax for a partnership or PTS

Level 1

I am having an impossible time trying to get the software to accept a Q4 payment to MD for a PTE.   This is new because of IRS Notice 2020-75 that is allowing payments to be made at the PTE  level for RESIDENT shareholders.  

Has anyone had any success?

Of course, Intuit is closed today!

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1 Comment 1
Level 15

If you're trying to take advantage of this on your client's TY2020 individual tax return, it sounds like the boat is about to sail.

Since I don't use PS, I'm not sure if 510D in the program is up to date but I can tell the one in Lacerte/PTO is not the latest version that caters to this not-so-new election (https://www.marylandtaxes.gov/forms/20_forms/510D.pdf).

If you mail in the 510D, I'm not sure if your client can opt to make an online payment before midnight on the MD Comptroller website.

@sjrcpais the resident expert on MD and she should be able to give you much better suggestion than me.

Still an AllStar