Safe Harbor rules for estimated tax payments
The estimated tax Safe Harbor rule is based on 110 percent of the tax shown on the client's tax return. This applies to taxpayers with adjusted gross income greater than $150,000 or $75,000 if married filing separately. UltraTax CS calculates this amount automatically when you're using the estimate option
1
, 3
, or 7
in the Estimates - Calculated
section in the Est
screen. The Safe Harbor rule doesn't apply to 1040-SS or 1040-PR filers.
