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- Maryland Estimated Payments Due Date Error?
Maryland Estimated Payments Due Date Error?
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TaxGirl3
Level 5
03-26-2023
12:11 PM
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1) Lacerte 2021 (S-Corp) scheduled 2022 Q2 Maryland Elective PTE estimates for 7/15/2022 even though the PTE estimated payment date wasn’t extended from 6/15/2022. This is causing some very large penalties for a couple clients.
Am I wrong (I hope so!) or did Lacerte make a costly mistake?
2) Lacerte 2022 (Individuals) will consider a 7/15/2022 payment to have been made in Q3 and will therefore calculate a penalty on form 502UP. However, Maryland Tax Alert 02-23-2022B extended 2022 Q1 and 2022 Q2 payment deadlines to 7/15/2022 (this is also noted in the instructions for Form 502UP). My workaround for this was to change the date paid to 6/15/2022.
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