topic Realized this morning I lost a major client from this past year and am scheduled to pay WAY too much in estimated quarterly taxes. How do I fix this? in Get your taxes done using TurboTax

Realized this morning I lost a major client from this past year and am scheduled to pay WAY too much in estimated quarterly taxes. How do I fix this?

jsurbaniak — Wed, 05 Jun 2019 02:25:11 GMT

You can revised your estimates, and reduce the amount of...

MichaelMc — Wed, 05 Jun 2019 02:25:12 GMT

You can revised your estimates, and reduce the amount of each quarterly tax deposit. Or you can simply omit the last deposit (or more, depending on the expected tax impact). You do want to exercise care not to cut your tax deposits too severely, possibly exposing yourself to a penalty for underpayment of estimated tax.

You can revise your estimates and print new vouchers in TurboTax Self-Employed.

For more information, please see IRS Pub. 334 Tax Guide for Small Business , p. 9.

I'm scheduled for auto-pay directly out of my bank accoun...

jsurbaniak — Wed, 05 Jun 2019 02:25:14 GMT

I'm scheduled for auto-pay directly out of my bank account on the estimated tax payments. I can't seem to figure out how to fix this in TurboTax.