itonewbie
Level 15
04-20-2020
02:56 PM
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On Screen 8, make sure you enter a Filing date. Then scroll down to the Late Return Penalty & Interest section and enter a 1 for Late filing of return (1=automatic) and/or Late payment of tax (1=automatic) as applicable. These penalties will then be computed automatically. If you want interest added, you will need to plug that in on the line for Interest (1=automatic).
The summation of these will show on the bottom of the return, with a reference to the breakdown on a statement. And the detailed computations will be included as part of the Worksheets.
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Still an AllStar
Still an AllStar