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Posted by B on June 14, 2008, 2:05 pm
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On 6/14/2008 6:58 AM, Don R wrote:
On 6/14/2008 6:58 AM, Don R wrote:
> The withholding feature in Q2007 Tax Planner is pretty erratic and it's
> estimates of taxes due should be verified with a hand calculator. There
> are some program bugs that could lead you astray. The problems I've
> seem to stem from the withholding calculations.
>
> The withhold detail screen allows selection of 1 Estimate based on YTD
> daily average or 2 Use Per Period Amount.
>
> Using option 1 works correctly if you don't have any extra pay events
> during the year. But just a little extra early in the year causes
> Quicken to grossly over-estimate total withholding for the year.
>
> Program bug -
> Quicken Tax Planner offers a spot to enter and adjustment. But as you
> move between windows, the adjustment is lost. The adjustment value
> still appears in the spot you entered it, but it is not applied to the
> value shown in Tax Planner Summary.
> Switching between 1 and 2 brings things back into agreement.
>
> Program bug -
> Using option 2 is a non-starter. I doesn't pull in any of the future
> withhold payments and you end up with a very large underpayment value.
> This value is big enough that you will know something is wrong.
>
> Anyone know of plans to improve this feature in future Quicken releases?
> The withholding feature in Q2007 Tax Planner is pretty erratic and it's
> estimates of taxes due should be verified with a hand calculator. There
> are some program bugs that could lead you astray. The problems I've
> seem to stem from the withholding calculations.
>
> The withhold detail screen allows selection of 1 Estimate based on YTD
> daily average or 2 Use Per Period Amount.
>
> Using option 1 works correctly if you don't have any extra pay events
> during the year. But just a little extra early in the year causes
> Quicken to grossly over-estimate total withholding for the year.
>
> Program bug -
> Quicken Tax Planner offers a spot to enter and adjustment. But as you
> move between windows, the adjustment is lost. The adjustment value
> still appears in the spot you entered it, but it is not applied to the
> value shown in Tax Planner Summary.
> Switching between 1 and 2 brings things back into agreement.
>
> Program bug -
> Using option 2 is a non-starter. I doesn't pull in any of the future
> withhold payments and you end up with a very large underpayment value.
> This value is big enough that you will know something is wrong.
>
> Anyone know of plans to improve this feature in future Quicken releases?
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