dbtaxsolutions
Level 5
03-11-2022
08:54 AM
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When a client has a refund but has penalty, the tax return does not produce a voucher to pay the penalty or is this already accounted for?
Is there a voucher that I can select to print?
thanks
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IRonMaN
Level 15
03-11-2022
08:57 AM
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The penalty is subtracted from the refund amount.
Slava Ukraini!
Level 15
03-11-2022
10:09 AM
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Follow the money. If they have a refund you should be able to se right on the 1040 that the refund has been adjusted for any penalty.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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dbtaxsolutions
Level 5
03-11-2022
10:18 AM
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hey everyone, thanks for the reply. sorry i could not retract the question, but knew it was accounted for, somehow I doubted it, since I had multiple clients looking for voucher for penalty. thanks again.
BobKamman
Level 15
03-11-2022
10:21 AM
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I hope all those ES penalties are more than $100