penalty worksheet

[tennessee]

line 9a on the 1040 late penalties & interest worksheet is WRONG---THE RATE 5% PER MONTH NOT 25%--PLEASE HANDLE ; BEEN A CUSTOMER FOR A VERY TIME--I NEED THIS FIXED ASAP!

[TaxGuyBill]

I'm showing the same error in the program.

[Skylane]

@IntuitGabi please help. 

@tennessee  Not that it’s any consolation, but the IRS generally recalculates and returns (with interest)….. i likely have a few that I didn’t bother to check in that position. If not transmitted, I’d edit and correct. sometimes you just rely on the expensive software to be correct 

[PATAX]

@Skylane 👍

[Intuitjhaze]

Hi @tennessee @TaxGuyBill @Skylane thanks for flagging this issue to us. We'll share this with the team asap.

[Frustrated-in-IL]

I NEED THIS FIXED ASAP!

That ain't gonna happen.  I would suggest overriding the amount.

[Skylane]

@Intuitjhaze Hey,Z…. @Just-Lisa-Now-  reported a similar issue with the penalty worksheet on 3/2… you replied and  I thought it had been resolved… seems like it was a somewhat different issue but same worksheet…. I checked a couple penalties at the time but they involved incorrect estimated payment date calculations that seemed to have been fixed…. Fix one break another?