Estimated Payments - Paper vs. E-File
As an extension to a question I posed yesterday, I am transitioning from years of CPA prepared returns (thru 2023) to TT Premier in 2024. I have entered information for 3 tax returns; 1 for me/my wife (MFJ) and 2 for my adult children (Single). After saving all 3 returns, I noticed Filing Instructions are for "File by Mail". I was planning on filing electronically and having either debit/credit to/from the bank account(s) depending on the results of the tax calculations.
I have received answer(s) on the steps to file electronically and will do so according to those instructions when I have finalized all 3 sets of returns.
My question is with respect to the Estimated Payments. I am familiar with the Paper version of sending in my vouchers + check as that was the method I handled my CPA generated forms up through 2022. In 2023, I utilized the Direct Pay option for the IRS payments and my state option to have the money debited from my bank account. vs. sending in paper checks. In this method, I had to initiate the payment processing on the 4 separate dates.
When I e-file with TT Premier in 2024, how are my estimated payments handled by the IRS and state. Will they automatically be scheduled on the quarterly basis or do I have to initiate something inside TT to make these payments happen in a similar fashion to me having to go to the IRS and state websites to process payments in 2023?
