Overpayments, Applied Amounts and Refunds

Overpayments are shown in the Client Info tab while processing a return. SafeSend Returns automatically recognizes taxing authorities as well as the amounts being applied to the next year's return. To accomplish this, it looks for two values:

• Amount overpaid.
• Amount applied to the next year's estimated tax.

At this time, penalties are not recognized. If there are penalties taken from the overpayment amount, a user must manually adjust either the Overpayment field or the Amount Applied field.

Adjusting Recognized Overpayments

1. In the Client Info tab of a return, the Overpayments section is on the left and will contain line items for each taxing authority and amount.
2. Click on a line item and a Refunds and Payments Due panel will open on the right.
3. Adjust the Overpayments or Applied fields as necessary.
4. Click Update.

The refund, if any, is automatically calculated and shown in the Refunds & Payments Due panel.