I am preparing a 2018 tax return the client had her bank account levied by the franchise tax board. How do I enter that paymentrte

Forum|Forum|4 years ago
November 10, 2021
2 replies
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I am preparing a 2018 tax return. The client had her bank account levied by the franchise tax board. where do I enter that payment?

Lacerte Tax

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Best answer by abctax55

I would put it as "Additional Estimated Tax Payments" - Screen 6.

I'm not sure if you can enter a recent date; you may have to fudge one. There's no way the software will compute the penalties/interest correctly any way, so warn your client there will be additional amount owed.

abctax55Answer

Level 15

I would put it as "Additional Estimated Tax Payments" - Screen 6.

I'm not sure if you can enter a recent date; you may have to fudge one. There's no way the software will compute the penalties/interest correctly any way, so warn your client there will be additional amount owed.

HumanKind... Be Both

BobKamman

Level 15

Is this an original return, or an amendment to a "substitute for return" that CFB prepared? Was the levy in 2018, or was it just for 2018 taxes? Is she itemizing deductions on the state return?

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