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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.


Slava Ukraini!
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

Thanks Ironman. This was helpful!

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

IRonMaN
Level 15

You betcha!


Slava Ukraini!
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