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Level 3
September 16, 2024
Question

disaster relief for estimated tax payments

  • September 16, 2024
  • 2 replies
  • 25 views

Anyone know how to get 2023 Basic to recognize that the 4th qtr estimated tax payment wasn't due until 2/15/24?

This topic has been closed for replies.

2 replies

Level 15
September 17, 2024

There might be a better way to do this, but if you go to the Form 2210 Underpayment Penalty Worksheet, you can go to the 4th quarter and override the "days late" (subtract 31 days).

rbynaker
Level 13
September 17, 2024

I would just enter the payment date as the start date of the disaster relief period.  How it works is the time between the disaster start date and the relief expiration date is "disregarded" for penalty calculations.

Rick

Level 15
September 17, 2024

Good idea.  And after reading your comment, I realize my answer would give a wrong result, so thanks for the correction.