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Estimated TaxesDrake Software User’s ManualApplying 2008 Overpayment to 2009Drake provides several ways to indicate that a taxpayer wants to apply part of a 2008overpayment to the 2009 estimate (Figure 5-41). You can use the ES screen to enterthe total overpayment to apply to all estimates (item #1 in Figure 5-41), or you canenter the total overpayment amount directly on screen 5 (item #2). The programapplies the overpayment according to the overpayment (OP) code selected (item #3;see “OP Codes,” following). To override the OP code selection, enter amounts to beapplied into the Overpayment fields for each voucher (item #4).Figure 5-41: Entering overpayment amountsNote that the screen 5 field is an override. When both screen 5 and ES contain a totaloverpayment amount, the program uses the screen 5 entry; however, if the ES screencontains quarterly amounts only (and no total), the program calculates and uses thetotal of those quarterly amounts. That calculated total overrides the screen 5 amount.OP CodesIf a taxpayer is applying an overpayment to the 2009 estimated tax, it is necessary toindicate how that overpayment should be applied on the estimate vouchers. You cando this by selecting an OP code on either the ES screen or screen 1 (see Figure 5-40)._NOTEIf a code is selected on both the ES screen and screen 1, the programuses the override code from screen 1.Select an overpayment code from the OP Code drop list. Codes are described inTable 5-12. Code descriptions can also be viewed by pressing F1 in an OP Code field.Table 5-12: Overpayment Codes in DrakeOPCode(blank)ARDescriptionDoes not apply overpayment to 2009; refund entirelyApplies the overpayment to the vouchers in order until it is completely appliedApplies overpayment to first voucher and refunds the remainder128 Tax Year 2008