TR UTPlanner response:
"I have heard back from Development regarding your question in Planner CS as to whether the later estimates will adjust when you manually input an amount for the earlier estimate payments already made.
As Planner CS is currently programmed, the calculated estimated tax payment amounts do not adjust to account for manually-entered payments entered for an earlier date. You will need to manually adjust the remaining payments. This is on our list of possible future program enhancements, to have the program adjust future payments automatically if you enter a different amount for an earlier payment. If you would like to put in a note for Development, please sign in to the CS Professional Suite Ideas Community
https://tax.thomsonreuters.com/cs-profe ... mmunities/ to input the suggestion. "
Yes, when a projection is run for the current tax year after any estimated tax payments have been made for that tax year, the remaining unpaid required payments will be calculated as if the prior ones were what the tax projection had wanted, as long as those amounts have been entered into the program.
Any overpayments to be applied will need to be entered in the Payments Folder, Federal Payments Screen, and the Apply all of PriorYear Overpayments section. This is due to the fact that the program is unable to export any current year overpayments. Once the 2017 return has been completed for the client, their data can be imported from UltraTax into Planner CS. For more information, please see our help topic Importing Data from UltraTax/1040.
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Yes, when a projection is run for the current tax year after any estimated tax payments have been made for that tax year, the remaining unpaid required payments will be calculated as if the prior ones were what the tax projection had wanted, as long as those amounts have been entered into the program.
Any overpayments to be applied will need to be entered in the Payments Folder, Federal Payments Screen, and the Apply all of PriorYear Overpayments section. This is due to the fact that the program is unable to export any current year overpayments. Once the 2017 return has been completed for the client, their data can be imported from UltraTax into Planner CS. For more information, please see our help topic Importing Data from UltraTax/1040. "