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Why is their a penalty on 1040 form?

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Level 1
last updated ‎April 30, 2020 3:34 PM
 
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8 Replies 8
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Level 14
last updated ‎April 30, 2020 3:34 PM

Underpayment of estimated tax?

Premature distribution from IRA/pension?

What type of penalty?


ex-AllStar
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Level 15
Level 15
last updated ‎April 30, 2020 3:34 PM

Thats a question a professional preparer should be able to answer by reviewing the return.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Highlighted
Level 15
last updated ‎April 30, 2020 3:34 PM
Highlighted
Level 15
last updated ‎April 30, 2020 3:34 PM

You keep asking basically the same question, but never provide any details.  You have two choices right now:

1.  Provide more details

or

2.  Quit asking the question

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 15
last updated ‎April 30, 2020 3:34 PM

In my practice "their" is never a penalty of any kind.

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches
Highlighted
Level 15
last updated ‎April 30, 2020 3:34 PM

I wonder if we have made the jump from Tax Slayer. 😀

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
Highlighted
Level 10
last updated ‎April 30, 2020 3:34 PM

Is their WHAT a penalty? Is their hair a penalty for bad looks?

Is their nasally voice a penalty for being annoying?

WHAT?

** I'm still a champion... of the world! Even without The Lounge.
Highlighted
Level 15
last updated ‎April 30, 2020 3:34 PM

HEY... no hair comments please.  I have (normally) short hair but the quarantine has me thinking I might grow it out for the first time in decades; the transition is not my most attractive look.

 Troll.jpg  

This weekend's project is to cut my husband's hair.  I'm not sure I could ever get soooo desperate as to let him cut mine.

 

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches