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| "Seeker" <seeker[at]nowayno.how> wrote: - quote - > I hope someone will kindly help me with a question. My
I've used Turbo Tax and it has an Estimated Tax option to> husband and I file jointly. He is still working and last > year I drew Soc. Sec. Since we didn't withhold anything, we > ended up having to make a substantial payment with the > return. I'm just thankful they didn't sock us with a > penalty. So now this is the first year we've ever had to > send checks to the IRS on a quarterly basis. The IRS didn't > send me any form to submit with our FIT tax return allowing > for the payments. Now I am using Turbo Tax to do our return > and I don't see a place to report the payments. > Can anyone tell me how to go about reporting the payments on > Turbo Tax? print 4 quarterly 1040ES forms. You may also just download the form off of the irs.gov website. Mike << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- > |
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| seeker[at]nowayno.how (Seeker) asked: - quote - > I hope someone will kindly help me with a
You can always go to http://www.irs.gov, and download Form> question. My husband and I file jointly. He is > still working and last year I drew Soc. Sec. > Since we didn't withhold anything, we ended > up having to make a substantial payment with > the return. I'm just thankful they didn't sock us > with a penalty. So now this is the first year > we've ever had to send checks to the IRS on a > quarterly basis. The IRS didn't send me any > form to submit with our FIT tax return allowing > for the payments. Now I am using Turbo Tax > to do our return and I don't see a place to > report the payments. 1040-ES. This not only has a worksheet to determine how much your payments should be, but also includes four numbered vouchers. You should fill out #l -- due April 17 -- and send it off promptly with a check for the correct amount. The 1040-ES will also provide the correct address. Once you've sent the first payment, the IRS will respond by sending you preprinted vouchers for the 2d, 3d and 4th payments. - quote - > Can anyone tell me how to go about reporting
Sorry, not familiar with TT. On TaxWise, we could either> the payments on Turbo Tax? schedule a direct w/d from TPs checking via ACH for the first periodic payment - thereby triggering the voucher supply ... or we could simply bring up Form 1040-ES, and either fill it in, or simply print it off with the TPs info, and separately provide the TP with a recommended payment amount per period, based on the income involved. Hope this helps. Bill << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- > |
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| Seeker wrote: - quote - > I hope someone will kindly help me with a question. My
Forms> Open Form> Show All Forms> Tax Payment Worksheet> husband and I file jointly. He is still working and last > year I drew Soc. Sec. Since we didn't withhold anything, we > ended up having to make a substantial payment with the > return. I'm just thankful they didn't sock us with a > penalty. So now this is the first year we've ever had to > send checks to the IRS on a quarterly basis. The IRS didn't > send me any form to submit with our FIT tax return allowing > for the payments. Now I am using Turbo Tax to do our return > and I don't see a place to report the payments. > Can anyone tell me how to go about reporting the payments on > Turbo Tax? > Many thanks in advance. > Sharon It's a "keep for your records" form where you list the quarterly payments you made for the past tax year. JOE << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- > |
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| I hope someone will kindly help me with a question. My husband and I file jointly. He is still working and last year I drew Soc. Sec. Since we didn't withhold anything, we ended up having to make a substantial payment with the return. I'm just thankful they didn't sock us with a penalty. So now this is the first year we've ever had to send checks to the IRS on a quarterly basis. The IRS didn't send me any form to submit with our FIT tax return allowing for the payments. Now I am using Turbo Tax to do our return and I don't see a place to report the payments. Can anyone tell me how to go about reporting the payments on Turbo Tax? Many thanks in advance. Sharon << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- > |
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