my tax payment was applied to the wrong year

Cinema Specialist . Sales & I'm not self-employed anymore, so I won't be paying nearly as much in taxes at the end of next year. Depending on how much income you received in 2017 and when it was received in 2017, you could try writing the IRS and try to convince them it was an "obvious taxpayer error" and that exception should allow the payment to be applied to the balance. --Essentially, . The IRS changed a few laws in the middle of tax season - as in the $10,200 exclusion of Unemployment income, deferring 401K withdrawals & the stimulus checks (and balances). Talk to these people, they can fix it if they want to: Thanks! No, there are no penalties for overpaying your tax bill. You could try to persuade the IRS that it was an "obvious taxpayer error" since the payment was for what was owed for 2017 and much more than would have been due for a single estimated tax payment. my tax payment was applied to the wrong year Once done, here's how to manually add it: Here's an article you can read for more details: Manually add transactions in QuickBooks Self-Employed. Press question mark to learn the rest of the keyboard shortcuts. For instance, if you have to pay more tax, more penalties will apply in correlation to the increase in tax. If the tax payment is a downloaded transaction from your bank, you'll have to exclude it and manually enter it. IRS classifies tax payment as a tax refund - bankrate.com If the payment reflects in the current year which should be for last year, you may exclude the entry. Amended returns must be filed by paper for the following reasons: Any amended Form 1040 and 1040-SR returns older than three years, or Form 1040-NR and 1040-SS/PR returns older than 2 years cannot be amended electronically. THE FACTS: Title 26 of the U.S. Code requires individuals to pay income taxes. You have clicked a link to a site outside of the QuickBooks or ProFile Communities. Almost every state imposes a business . Not a Member? One of first things I did when I took over when gather whatever paperwork and IRS notices I had. Get the Most Out of Overpayments Applied to the Following Year's Return It just shows me what the estimated tax payments are and I can't undo them. You can hover your mouse toSpendingto view and locateEstimated Taxes. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. I know where I am with the IRS so I don't need to contact them, I just want quickbooks to reflect this so it can give me the correct estimated taxes for this year. We will work with you to secure a no-credit loan if your situation demands .Rent to Own $630 Plus Tax per Month for 60 Months First and Last Three Payments Down Plus $1,000 Security Deposit $3,520 Plus Tax Gets You Started Campers and More, LLC 6340 Moffett Rd Mobile, AL 36618 Call Tom, Heather, or Julie at: 251-645-3966 www.

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