What are the payment due dates for deferral amount calculated on Schedule 3, Part II, Line 12e?

[CPR-27]

Are there any supplemental forms or worksheets in ProSeries  that addresses the payments?

[Terry53029]

Are you talking about deferral of payroll taxes, see link:

https://www.irs.gov/newsroom/what-employers-need-to-know-about-repayment-of-deferred-payroll-taxes

[CPR-27]

No - personal income taxes

[Terry53029]

See this link for self employed:

https://www.irs.gov/newsroom/how-self-employed-individuals-and-household-employers-repay-deferred-so...

[qbteachmt · Accepted solution]

If you sign up for the governmental e-newsletters, you get this info in email, and you get to choose which subjects to receive, such as Payroll and Not For Profit and other categories.

This one came about 5 hours earlier, today:

New IRS CP256V Notice – Repayment of deferred Social Security taxes under the CARES Act

In October and November of 2021, the IRS will be sending informational-only CP256V Notices to self-employed individuals and household employers that chose to defer paying certain Social Security taxes under the CARES Act. The new notice reminds them that the first installment of deferred Social Security taxes will be due by the end of the year.

The CARES Act allowed these types of taxpayers to defer the payment of certain Social Security taxes on their Form 1040 for tax year 2020 over the next two years. Half of the deferred Social Security tax is due by December 31, 2021, and the remainder is due by December 31, 2022.

The IRS will continue to issue these courtesy notices before each installment is due – no response is needed.

[CPR-27]

Thank you!

[CPR-27]

Thank you