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My client is receiving a refund but the system is generating estimated taxes to be paid in 2022. Anyone having this issue? Why would this be?

 
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5 Comments 5
IRonMaN
Level 15

Check out the rules for avoiding underestimate penalties and that might shed some light on why the estimates are being generated.  Hint - just covering the prior year tax doesn't avoid penalties for higher income folks.


Ukraine - hang in there

Thanks Ironman. This was helpful!

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IRonMaN
Level 15

You betcha!


Ukraine - hang in there
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George4Tacks
Level 15

Use the override, IF YOU, AS THE PAID PREPARER, ARE SURE THAT THEY ARE NO NECESSARY.

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https://proconnect.intuit.com/community/estimated-taxes/help/override-estimated-tax-voucher-payment-...


Here's wishing you many Happy Returns

Thank you! I will take this approach since I do not believe it will be necessary.