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posted Mar 20, 2020 11:04:03 PM

Schedule C and Summary of Estimates

Hi,

 

For year 2018 i had income on 1099 (Sidegig) in addition to my W-2 and my CPA filed Schedule-C and corresponding Schedule-SE etc.

 

Also expecting that i might have income on 1099 in 2019, he gave the Summary of Estimates for 2019 as a part of 2018 returns. were these sent to IRS?  He also gave me the Estimated Tax Voucher Filing Instructions and 1040-ES Vouchers for mailing. 

 

But for Year 2019 i had no income on 1099. So i never sent in these vouchers and payments. 

 

For 2019 tax filings do i still need to file the Schedule-C?

 

The Summary of estimates for 2019 that were sent as a part of 2018 returns will these be an issue for me?

 

Can i just use Turbo-tax premier or turbo-tax self-employed package?

 

 

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1 Replies
Not applicable
Mar 20, 2020 11:49:47 PM

those estimates that the CPA prepared was for you to submit by mail to the IRS along with a check in the amount on the estimate.     nothing you can do now.  so prepare your return  you now have til 7/15 to file.  there will probably be penalties for failure to make those payments.     there will be no additional penalties for making the payment on 7/15