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October 4, 2021
Question

Self Employment Tax Defferal and Previous Year Installments

  • October 4, 2021
  • 1 reply
  • 0 views

If I do the self employment deferral that is offered for 2020, will that kick me out of my installment payments for last year? A component of installments is that you file and pay on time. This seems to be a gray area as it is a program offered due to Covid, etc.

Thanks!

1 reply

Critter-3
October 4, 2021

Deferring the SE payments will not affect your installment plan  however if you have any refund on the return the IRS is taking that and applying it to the deferred SE taxes instead of a prior year balance due.