Generate Vouchers

In the Enter form code box, type ES to open Form 1040-ES - Estimated Taxes. On this screen:

• The program automatically generates federal estimated tax payment vouchers when they are required - for instance, when the taxpayer has a balance due of $1,000 or more - unless you choose not to generate the vouchers.

  • You can choose not to generate the vouchers globally. Go to Setup > Setup Options > Form & Schedule tab and select Print ES voucher only when screen ES indicates. If this option is checked, estimates must be generated manually by making entries on the ES screen in each return for which estimates are needed.

  • You can choose to generate a set of blank vouchers on a return-by-return basis. On the Form 1040-ES - Estimated Taxes screen, choose P in the Estimate tax amounts treatment drop-down field.

    Note  Blank vouchers are not allowed for some states. See Drake Tax - State Returns - Blank Estimated Tax Vouchers Not Allowed for a listing of states.

• If you are not filing all four quarterly vouchers - for instance, if filing too late to pay first quarter payment - the program now adds the amount of the missed payment to the next available voucher. Enter 0 in the Estimate amount field for the quarter where the payment was not made.

• The adjustment field Increase/Decrease calculated estimates by is available on the Form 1040-ES - Estimated Taxes screen. This field allows you to increase or decrease the calculated amount on which the four estimated tax payments are based.

Payments Made

1040, 1041, 1120

• Enter payments on the Form 1040-ES - Estimated Taxes or ES screen.

• Enter any overpayment, and then, by quarter, any estimated payments made. If the dates the payments were made differ from the standard dates, enter them here also.

1065

• Federal ES payments would be made through partners’ individual 1040 returns. There is no location to enter federal ES payments in the 1065 return.

1120-S

• Enter in one of the following locations. Search for the following form codes:

  • ES

  • 4

  • 2220

ES Codes

Code	Result
(blank)	The program determines whether vouchers are due.
P	vouchers generated with no dollar amounts (only SSN, Name, Address) Some states will not allow vouchers without amounts to print due to 2D bar coding requirements).
D	vouchers generated with payments rounded to the nearest $1.
X	vouchers generated with payments rounded to the nearest $5.
T	vouchers generated with payments rounded to the nearest $10.
F	vouchers generated with payments rounded to the nearest $25.
H	vouchers generated with payments rounded to the nearest $100.
M	vouchers generated with payments rounded to the nearest $1000 (1041 only).
N	prevents vouchers from being printed (1040 package only).

Amounts Different than Expected

The amount on Form 1040-V flows from:

• Form 1040, line 37 or Form 1040-SR, line 37*

• Form 4868

  • Only if the box Produce 1040-V for extension was marked on the 4868 screen.

• Form 1040-X, line 20

This amount cannot be overridden.

*If Wks Penalty is present, Form 1040-V will also include the estimated failure to file and/or failure to pay penalties calculated on the worksheet. You can suppress the inclusion of the Wks Penalty results on 1040-V by checking the box Do not carry P & I to 1040V, filing instructions, or letter on the LATE screen.

Vouchers Not Printing in PDF

Form 1040-V and state vouchers will not print out in the Return PDF if the option Mask SSN, EFIN, PTIN on Client and Preparer Sets is selected on the Setup > Setup Options > Calculation and View/Print tab.

Blank vouchers are not allowed for some states. See Drake Tax - State Returns - Blank Estimated Tax Vouchers Not Allowed for a listing of states.