Is everyone experiencing painfully long wait times when calling in for calculation support 1 week before the deadline or have I just called at a bad time? SE tax isn't calculating. Any suggestions for a fix?
It is entered in as other income subject to SE. The tax will only be ~$50. I suggested to the client we just let the IRS come back with a notice for no more than it is but they want it to be right.
I tried calling in yesterday and was told wait times were 1.5 hours. I am going on 45 minutes now.
It sounds like the gross is not sufficient. No SE if under $400. See line 4 of Schedule SE
If less than $400, you don't owe self-employment tax; don't file
this schedule unless you have an amount on line 1b
It is entered in as other income subject to SE.
As a side note, I don't think there is such thing. SE tax applies to a "Trade or Business". If it is a "Trade or Business", it belongs on Schedule C (or F).
When opening Lacerte today there was a critical message stating...... that due to the 7/15 tax filing deadline, they are experiencing longer than usual hold times for support. That's pretty funny, since I have not been able to get through to telephone support for the last 2 years + without experiencing hold times that are unacceptable! Lacerte support is an oxymoron.