jerry
Level 7
10-24-2024
10:41 PM
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I've had a couple of extension filers get letters informing them of interest and penalties due.
They owed more than $1000 ($500 California), and I discovered that Lacerte does not automatically calculate interest and penalties on late payment unless a "1" is inserted in the fields for Late Return Penalty and Interest on Screen 8. This is true even if a filing date is entered on Screen 8.
Is there a way to make this the automatic default in Settings? I know I will occasionally forget to insert these 1's.
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