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Hi all,
Does anyone know where to put the accrued interest and penalties on late payment on Form 1120? Is it right to put the accrued interest and penalties on Form 1120 Page 1 Line 34 Estimated Tax Penalty or does it belong somewhere else?
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Elsewhere. In software that does the calculations, it is shown at the very bottom of page 1, not on any line.
Ex-AllStar
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Do you know where it should be put on ProSeries by any chance?
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No, I don't use ProSeries.
Ex-AllStar
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I, too, can't find the calculation for Form 1120 late payment penalty and interest. Unlike the Late Penalty form for a 1040, PS doesn't appear to have a late penalty form for form 1120.
Has anyone found the form that does the calculation and prints it at the bottom of Form 1120?
Thanks.
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ProSeries, so far, only does the penalty and interest calculations for Form 1040.
Another failure of the program in my opinion.
