Here's the situation:
Client did not get info to me until after the extension deadline
They make their personal estimated payments through EFTPS, and started doing so monthly
Using the estimated they designated as for 2016 they have a balance due of around 90K.
Pro is calculating a 8K late filing penalty and 3.6K late payment penalty.
If EFTPS would reclassify some estimated payments from 2017 to 2016 they would have a refund to be applied to 2017 and the penalties go away.
Has anyone had EFTPS apply to different year with success?
Client did not get info to me until after the extension deadline
They make their personal estimated payments through EFTPS, and started doing so monthly
Using the estimated they designated as for 2016 they have a balance due of around 90K.
Pro is calculating a 8K late filing penalty and 3.6K late payment penalty.
If EFTPS would reclassify some estimated payments from 2017 to 2016 they would have a refund to be applied to 2017 and the penalties go away.
Has anyone had EFTPS apply to different year with success?