The software should give the preparer the option to indicate that the taxpayer lived in a Federally Declared Disaster Area and be able to perform the correct calculations. What a concept! Correct Calculations.
Intuit incorrect calculation of underpayment of estimated tax payments year 2024 for Florida Taxpayers.
Intuit ignored the tax relief provided to Florida Taxpayers.
FL-2024-10, Oct. 11, 2024
WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Florida that were affected by Hurricane Milton that began on Oct. 5, 2024. These taxpayers now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments.
