I used turbo tax to filling my 2021 tax return by April 4, 2022 and used turbo tax provide payment option of scheduled payment. But I received IRS letter and charge me not pay in all penalty. I called IRS, they said turbo tax don't have agreement with IRS for scheduled pay checks. they told me I have to pay about $1,000 for penalty. Even though they received the scheduled money, but they take them as I paid for 2022 tax year credit. So, turbo tax can you give me an explanation?
You'll need to sign in or create an account to connect with an expert.
Do you mean that you used the 1040ES vouchers that printed out with your 2021 return and thought you were paying your 2021 tax due? That was your own mistake. Those 1040ES vouchers were meant to pay your estimated tax due for the upcoming 2022 tax year in quarterly payments to avoid an underpayment penalty or a big tax bill at tax time for you 2022 tax return. They were not for paying the tax you owed for 2021's tax return.
The program does give you an option to set up a payment plan with the IRS but the IRS must approve any requested payment plans (which they don't need to do) ... the TT program has no "say in the matter" they simply send the info to the taxing authority with the return.
Sounds like you paid the quarterly 1040ES slips. Those were estimated prepayments for the next year 2022. Your 2021 tax due should have been on one 1040V voucher. So be sure to enter the 1040ES payments you made on your 2022 return this year to get credit for them.. Did you file 2022 yet?
To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to
Federal on left or at top (Personal for Home & Business)
Deductions and Credits at top
Then scroll way down to Estimates and Other Taxes Paid
Estimated Taxes - click the start button
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
eli-dansky
New Member
AJd4
Returning Member
brentchilderhose
Level 1
peg6317
New Member
ryan-omillian
Level 2