Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

late payment interest on an amended return

Manual6
Level 2

Good morning, I cannot get Lacerte to calculate interest owed on a 2018 amended return with a balance due. I have entered the filing date and the interest rates in Options. Thank you in advance.

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
George4Tacks
Level 15

The program will not do this. You would have to manually calculate. You don't know when IRS will get the return, so you really can't do it with assured accuracy. I always let IRS do the work and bill the client. I let the client know. 


Here's wishing you many Happy Returns

View solution in original post

3 Comments 3
George4Tacks
Level 15

The program will not do this. You would have to manually calculate. You don't know when IRS will get the return, so you really can't do it with assured accuracy. I always let IRS do the work and bill the client. I let the client know. 


Here's wishing you many Happy Returns
BobKamman
Level 15

https://goodcalculators.com/irs-interest-calculator/

 

If you come within $5 they won't bill you for the difference.

Manual6
Level 2

thank you.

0 Cheers