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Level 2
August 1, 2022
New

estimated tax worksheet - allow tax preparer to change default

Related products:ProSeries
  • August 1, 2022
  • 1 reply
  • 3 views

The system defaults to vouchers (estimated tax vouchers) based on 100% of the 2021 tax.  Most of my clients want vouchers based on 100% of the 2022 estimated tax (because this calculation is based on the estimated tax payments made in the prior year).  

I would like for all of my clients to use the 100% of the 2022 estimated tax but can't make that option my default.

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1 reply

Accountant-Man
Level 13
August 7, 2022

The default is the correct one-- automatically either 100% or 110% if the AGI is over $150,000. When a TP chooses to NOT use the correct safe harbor, that's their choice, and then they might owe a penalty next year.

I force it all the time, BTW, to be 100%, depending on the client's type of income.

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