Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Self Employment Tax Deferral
Self Employment Tax Deferral
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
MattP1
Level 1
02-20-2021
01:05 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Regarding the self employment tax deferral, we have entered the se income into line 18 of schedule SE part III and it is calculating the amount available for deferral on line 25 as $8537. However, It is not reducing the SE tax or transferring the amount to Schedule 3 as a prescribed by the instructions. Is there a checkbox or something to allow the SE tax deferral?
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
2 Comments 2
TaxGuyBill
Level 15
02-20-2021
01:25 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Have you looked at the worksheet for Line 12e of Schedule 3 (look on the "1040 Wks").
The law says you can't get a refund of amounts already paid; you can just defer unpaid amounts (although I personally think the way IRS set up the worksheet is questionable, and it could possibly be argued to get a refund in many cases).
qbteachmt
Level 15
02-20-2021
01:42 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
https://proconnect.intuit.com/community/individual/help/proseries-self-employment-tax-faq-s/00/6408
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
