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Level 2
February 6, 2021
Question

1040ES

  • February 6, 2021
  • 1 reply
  • 1 view

I was late paying the Jan 15, 2021 1040ES. What will happen next. Can I file 2020 taxes and include the amount I paid late? Should I wait till the IRS cashes the check before filing? 

    1 reply

    Employee Tax Expert
    February 6, 2021

    Yes, you can include the amount but be sure to adjust the payment date to ensure your tax return is prepared accurately.

     

    You can edit your payment dates in the federal section of the program. 

    1. Select Deductions & Credits 
    2. Scroll down through All Tax Breaks and select Estimates and Other Taxes Paid 
    3. Select Estimated Tax Payments 
    4. Select State estimated taxes for 2020
    5. Select Yes to indicate you did pay estimates for 2020
    6. Proceed to enter your payments with the date paid as applicable 

    Federal estimates

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    _Equinox_Author
    Level 2
    February 8, 2021

    Thank you for your answer very helpful and accurate. Hope IRS doesn't  give me a penalty- lol.