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
- 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.
- Click on a line item and a Refunds and Payments Due panel will open on the right.
- Adjust the Overpayments or Applied fields as necessary.
- Click Update.
The refund, if any, is automatically calculated and shown in the Refunds & Payments Due panel.
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