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.

tip

Alternatively, if you want to force the payment amount, go to the

Ext

screen, in the Payments folder, and complete Estimate of total tax liability (Force)
and Balance due on extension (Force)
.

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.