Calculate tax liability and balance due for extension payments

Follow these steps to have the application calculate the tax liability and balance due for extension payments.

Enter the extension code:

Enter any available tax information.

Go to the

Ext

screen, in the Payments folder.

Enter the code in Calculate extension
.

View the calculated amount

Go to the

Est

screen and review the amounts in Paid with 4868 ext
or Paid with 2350 ext
.

If the amounts are not correct, Print
or Print Preview
the extension.

Include estimated tax penalties in the balance due on extension

Select Setup
, then 1040 Individual
.

On the Federal
tab, select Extensions
.

Mark the Include the projected estimated tax penalty in the balance due on extension
checkbox.