Amended Return for Lower Estimated Tax Paid than Reported

[Firehead]

An individual client gave me incorrect payment amount for 1Q 2023 resulting in a $3,624 carryforward to 2024. The correct amount of estimates paid results in a $637 carryforward to 2024. The ProSeries software is saying the client owes $2,987; which is not true. Estimates for 1Q, 2Q, and 3Q 2024 were made so that the carryforward from 2023 will be applied to the 4Q. This isn't a repayment of a refund, which is what is implied with the calculations of the amended return.

I can't figure out how to nullify the amount due for the amended return. Would I be better off letting the IRS send us a corrected estimated tax carryforward amount from 2023?

Firehead

[sjrcpa]

"Would I be better off letting the IRS send us a corrected estimated tax carryforward amount from 2023?"

Yes.

[ljr]

 would not amend as the irs caught it as soon as they processed it - I would just make a note in the file and correct the amount applied when next years program is available 

[Firehead]

Thank you!!

[Firehead]

Thank you!

[Accountant-Man]

You don't need to amend, but you should correct it on your system so that next year 2024 you don't should a credit that's too high.