I have a client that owes Federal tax of which I need to apply penalty and interest before I E-File the return. I am still a novice with the Pro Series Basic and I would appreciate assistance in this matter.
Carol Ann Amante CPA
I always just let IRS send a bill.
I know there were issues earlier this summer, that it wouldnt allow a direct debit payment to include the interest and penalty, it would only take the tax due amount...not sure if that ever got addressed.
Go to the line with the tax dur and click on the penalty and interest box.
Thank-you for your input - I looked at the Underpayment worksheet which I would have to figure out the penalty & interest. So I decided to let the IRS send a letter with the penalty and interest calculated.
Carol Ann
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