Next year ES worksheet glitch & effect of Excess Premium Tax Credit

Related products:Lacerte

Forum|Forum|3 years ago
August 18, 2022
1 reply
6 views

Line 5 is missing the Excess Advance Premium Tax Credit.

I saw this because my client will not have the EAPTC in 2022. With an input of -1 in Code 98 of Screen 7.1, Line 6 is 4,668, which is correct.

@1569 I think this belongs in the Tax Idea Exchange because it indicates a software glitch.

Unrelated, if you know why LC allows a blank 3rd Quarter Estimated Tax Voucher for California, please share.

Lacerte Tax

This topic has been closed for replies.

K

Karl

Intuit Community Champion

Good catch, thank you for sharing.

California will accept a third quarter payment, so that's why there's a voucher. I agree, it's confusing, since they slate the estimates as not wanting one. But I think it's a grace move to the OCD people who want to divide annual estimates by four and send in even amounts.

It's also idiot insurance, because about once every 2-3 years, I still get one panicked email or call about not having a payment amount for Q3 for CA. I typically suppress the vouchers to try and get my clients to e-pay, but maybe I should let them through...hmmm...

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