TaxGuyBill
Level 15
02-10-2021
11:55 AM
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@deannas wrote:The biggest issue now is that the software will automatically refund SE taxes deferred. But the IRS says you cannot have those taxes refunded:https://www.irs.gov/newsroom/deferral-of-employment-tax-deposits-and-payments-through-december-31-20...
Yeah, I surprised the IRS has not issued more guidance in this matter.
From my perspective, I would argue that any Estimated Taxes were for INCOME tax (and maybe the non-deferred portion of SE tax). Therefore, the taxpayer is not being "refunded" the deferred amount.