Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #3  
Old 03-10-2008, 01:12 AM
Bob Sandler
Guest
 
Posts: n/a
Default Re: Turbotax have place where any estimated taxes already paid for the year are entered

- quote -

> I am doing the taxes this year and I noticed that Turbotax Online does
> not seem to have any place to enter the estimated taxes already I
> paid. Figured since I paid estimated taxes this past year that it
> would ask me what I have already paid and then it would deduct it from
> Turbotaxes final figures. How am I supposed to count what I already
> paid them against what I am entering into Turbotax now.


Click the Federal Taxes tab near the top of the TurboTax
screen, then click Deductions & Credits. Click the blue
button for Find Deductions Myself. In the list of topics,
open the list for Taxes Paid. Click the Start or Revisit
button for Estimated Taxes.

The best places to get answers to questions about TurboTax
are the TurboTax support site at
http://turbotax.intuit.com/support/
or the TurboTax Live Community, which is in a window on the
right side of the screen in TurboTax Online, or you can
access it at
https://ttlc.intuit.com/app/full_page

Bob Sandler

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #2  
Old 03-10-2008, 01:00 AM
MyVeryOwnSelf
Guest
 
Posts: n/a
Default Re: Turbotax have place where any estimated taxes already paid for the year are entered

- quote -

> I am doing the taxes this year and I noticed that Turbotax Online does
> not seem to have any place to enter the estimated taxes already I
> paid. Figured since I paid estimated taxes this past year that it
> would ask me what I have already paid and then it would deduct it from
> Turbotaxes final figures. How am I supposed to count what I already
> paid them against what I am entering into Turbotax now. Seems like I
> would be overpaying.


Under the "Federal Taxes" tab, click on "Topic List" and scroll down until
you see "Estimated Taxes Already Paid" (a little more than half way).

Probably, there's a way you can get there just by stepping through the
interview from the beginning, but I'm not sure of the exact sequence.

In general, it's a good idea to scan through the Topic List carefully to
make sure nothing has been overlooked.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 03-09-2008, 11:22 PM
Mark Bole
Guest
 
Posts: n/a
Default Re: Turbotax have place where any estimated taxes already paid forthe year are entered

Phil Marti wrote:
- quote -

> "amn0270" wrote:
> > I am doing the taxes this year and I noticed that Turbotax Online does
> > not seem to have any place to enter the estimated taxes already I
> > paid. Figured since I paid estimated taxes this past year that it
> > would ask me what I have already paid and then it would deduct it from
> > Turbotaxes final figures. How am I supposed to count what I already
> > paid them against what I am entering into Turbotax now. Seems like I
> > would be overpaying.

> I've never use that software, so this may not work. Go to line 65 of the
> 1040 and right-click. That should give you access to the input form for
> your estimated tax payments.


While that would work for the downloaded version of the software, I
suspect from using similar products that the on-line version does not
support this type of form-based drill-down. However, I'd be surprised
if it isn't in there somewhere... have you tried the on-line help?

The good news is, eventually you will get the overpayment if any
returned to you, I think the IRS is pretty good about that.

-Mark Bole

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 03-09-2008, 09:02 PM
Phil Marti
Guest
 
Posts: n/a
Default Re: Turbotax have place where any estimated taxes already paid for the year are entered

"amn0270" wrote:

- quote -

> I am doing the taxes this year and I noticed that Turbotax Online does
> not seem to have any place to enter the estimated taxes already I
> paid. Figured since I paid estimated taxes this past year that it
> would ask me what I have already paid and then it would deduct it from
> Turbotaxes final figures. How am I supposed to count what I already
> paid them against what I am entering into Turbotax now. Seems like I
> would be overpaying.


I've never use that software, so this may not work. Go to line 65 of the
1040 and right-click. That should give you access to the input form for
your estimated tax payments.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 03-09-2008, 07:29 PM
amn0270
Guest
 
Posts: n/a
Default Turbotax have place where any estimated taxes already paid for theyear are entered

I am doing the taxes this year and I noticed that Turbotax Online does
not seem to have any place to enter the estimated taxes already I
paid. Figured since I paid estimated taxes this past year that it
would ask me what I have already paid and then it would deduct it from
Turbotaxes final figures. How am I supposed to count what I already
paid them against what I am entering into Turbotax now. Seems like I
would be overpaying.

Example:
Say I've paid $3000 in Federal estimated taxes for the year. Now I do
my taxes for years end in Turbotax. Once I've completed my entries
into Turbotax, it says I owe $6000 in Federal. Since Turbotax does not
seem to have a are that asks me to enter my already paid estimated
taxes aren't I basically then paying $9000 in taxes total when I
should only owe $3000. I thought it would calculate the $6000 then
deduct the already paid estimated from that thus only showing me owing
$3000. What am I missing here.

Thanks
Adam

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
 

Tags
entered, estimated, paid, place, taxes, theyear, turbotax
Similar Threads
Thread Forum Replies Last Post
So, I entered an estimated Beg Bal; how do I correct it?
RonMcK3: Hi, All, Again, MS Money 2007 Essentials. Dialog where I entered the BB said I'd be able to correct it later. So, far, in my blindness, I'm not...
Microsoft Money 5 06-14-2008 06:44 PM
How to report quarterly estimated FIT paid?
Seeker: 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...
Taxes 3 04-15-2007 05:22 PM
Definition of fiscal quarter for estimated taxes vs payroll taxes
tns1: As an operator of a sole proprietorship for several years, I am used to paying estimated taxes for quarters defined as months 1-3,4-5,6-8,9-12. I...
Taxes 5 06-15-2005 10:23 AM
TurboTax printed Estimated Tax forms after I got a refund
David Ching: Hello, I successfully finished my 2004 taxes with TurboTax, and I am getting a significant refund. However, for some inexplicable reason, TurboTax...
Taxes 8 04-16-2005 03:53 PM
Estimated Tax paid online?
dumbstruck: Can US fed or state quarterly estimated taxes be paid online? The paper forms and process is so awkward and unsuited for bursts of income that...
Financial Planning 9 03-04-2005 09:11 AM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 04:53 PM.