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Filing Extensions and Calculating Estimated Tax Payments On-Demand Webinar

Summary

No matter how many times documents are requested from clients, you don’t always get what you need to complete the return by Tax Day. Often, extensions are inevitable. In this webinar, we’ll review how to properly prepare a valid extension. Along with the extension, taxpayers may have to make quarterly estimated tax payments. There are several methods available to calculate estimated payments before the tax return is final. We’ll discuss using proformas to determine estimated payments, how the safe harbor rule is applied and, in the worst-case scenario, how penalty abatement works.

Objectives

Upon completion of this course, you will be able to:

  • Prepare Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return
  • Determine the tax liability reported on Form 4868
  • Calculate the taxpayer’s quarterly estimated tax payments
  • Summarize the safe harbor rules

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.






   

Presented by: Brad Messner, MBA, EA

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