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@rbynaker wrote:
That's going to leave them with a balance due (and likely underpayment penalties) next April.

 

If we're not having fun yet, we soon will be!

 

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I fear the balance due and underpayment penalties will happen for some of my clients if I don't recalculate their estimated tax payments.    This dawned on my about a week ago when I was reviewing the 2020 return with a client.  I was explaining the advance CTC payments that should be coming to them when BAM! it hit me this was going to cause problems.   I would have said Oh Sh!t out loud but there were children present.