TaxSlayer ProWeb includes a calculator to help you estimate how much a taxpayer needs to pay in estimated tax in the current year to avoid a penalty in next year's return. The calculator is available within the current tax year's return.
To access the estimates calculator in a return in TaxSlayer ProWeb, from the Federal Section of the return select:
- Payments & Estimates
- Vouchers for 20xx Estimated Tax Payments
- 1040 Estimated Payments Calculator
The right column provides space for you to enter estimates of each item in the return. When finished, select CONTINUE at the top or the bottom of the window, and at the bottom of the window the suggested amount of estimated tax for the year and for each quarter will show.
Click CONTINUE again to return to the Estimated Tax Calculations window. From here you can either print the calculated results, or select ADD/EDIT to edit the calculation.