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1120-W

Forum|Forum|3 years ago
February 3, 2023
6 replies
26 views

When will Form 1120-W be available? This form isn't even listed on the page where it shows form availability. It is listed in ProSeries 1120, but when you click on it it takes you to the info worksheet. Has ProSeries changed where you calculate 1120 estimated tax payments?

ProSeries Professional

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Best answer by

The team is planning to include a simplified version of worksheet to calculate estimated tax available in the upcoming release.

vscpanm

Level 6

I checked the "update" for forms, and the 1120W does not appear anywhere in the update. I believe this is an error.

A

adam_cpaAuthor

Level 3

@IntuitGabiU can you check with the higher ups to see if 1120-W is going to be added to the forms release date schedule. i believe this form is necessary to calculate Corp estimated tax payments.

vscpanm

Level 6

I was on the phone for 45 minutes with a tech agent, and at the end, really go no where. She did not seem to understand that the form is listed but not actually there. very frustrating.

A

Anonymous

It looks like 1120-W is historical. I found the information here: 2022 Instructions for Form 1120

vscpanm

Level 6

So when we have to set up ES payments, how does it appear in the client instructions when there is no place to set up the ES payments? Even though it does not generate vouchers, it is good practice to have it appear in the client instructions.

Also, the IRS instructions to form 1120-W for 2022 say it is the last revision. I think the form is still valid, it just will no longer be updated. It does say prior versions will still be available.

H

HPMCPAs

Level 2

Just because the form has been put into historical status by the IRS doesn't mean that we don't still need it for corporations. Is Proseries going to put the form back?

vscpanm

Level 6

I completely agree. Like I said. The IRS says the forms won't be revised any longer, but they are still available. We need that form to to do the calculation and print with the instructions.

A

Anonymous

Answer

The team is planning to include a simplified version of worksheet to calculate estimated tax available in the upcoming release.

vscpanm

Level 6

Thank you so much. The form is absolutely necessary to complete the return.

T

taxes96786

Level 8

Is it an S Corp or a C Corp?

vscpanm

Level 6

C. There has never been a need for estimated payments in an S-corp.

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