Please add a way to automatically calculate the Federal interest rate for extended returns. Either program it in the program since it is the same for everyone, or at least provide a box to enter the interest rate so the program will calculate. I spent so much time calculating this with an online calculator tool and manually entering it in for all the extended clients that owed money. There is a box for state interest rates, I don't understand why there isn't a box for Federal interest rates.
From the help page:
"ProConnect Tax currently has no way to automatically calculate the federal interest due, as there is no place to enter the federal interest rates. At this time, the only solution is to manually calculate the interest due and enter it in the Interest field on the Penalties and Interest input screen."
And for the state rates, why do we have to look it up and enter it? Can't they pull the information automatically? Never had a tax software that had such a manual process.
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This is such an embarrassment that Proconnect doesn’t already do this.
Intuit, you make tax software that doesn’t actually calculate the correct amount due. Let that sink in. Then to make it worse, the UX doesn’t indicate this at all on the input screen.
The enhancement idea to automatically calculate the Federal interest rate for extended returns is currently Under review and the team is researching next steps. Thanks for the votes and additional comments.
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