TrumpJ
Level 3
12-07-2021
04:09 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My thinking is that (1) you 'deferred' the tax on the tax year 2020 Form 1040 - (2) the IRS is sending notices that 50% (or more) must be paid by December 31, 2021, (3) to close the 'loop' you'll reflect that you deferred the tax - paid the tax - offset the tax. Ok, I'll stay tuned.