I did not pay my Q4 estimated taxes for self-employment by January 15 since I planned on filing my return by January 31. But TurboTax tells me form Form 8995-A, Qualified Business Income Deduction is not available until 2/18. What should I do with the pending deadline?
There’s nothing you can do. Most forms are delayed because of last minute changes in the tax law because the IRS hasn’t released the forms, not because TurboTax is intentionally delaying anything. TurboTax can’t include a form until it has been approved by the IRS and then the programming of that form into TurboTax also has to be reviewed and approved by the IRS, and the IRS is very backlogged this year.
Make an estimated payment now. If the IRS assesses a penalty because the payment was not made before January 15, you can apply for a penalty waiver for just cause.
There’s nothing you can do. Most forms are delayed because of last minute changes in the tax law because the IRS hasn’t released the forms, not because TurboTax is intentionally delaying anything. TurboTax can’t include a form until it has been approved by the IRS and then the programming of that form into TurboTax also has to be reviewed and approved by the IRS, and the IRS is very backlogged this year.
Make an estimated payment now. If the IRS assesses a penalty because the payment was not made before January 15, you can apply for a penalty waiver for just cause.
There is nothing you can do but wait ... but you could make a late estimated payment now.