1869
The following diagnostic is generating:
The corporation's {CurrentTaxYear} return shows a tax liability of zero. Thus, {NextTaxYR} estimated tax deposits must be based on the {NextTaxYR} estimated tax liability in order to avoid potential underpayment penalty on next year's return.
Solution:
Generates when the Current year 1120 line 31, Total Tax, is zero. Lacerte is suggesting the corporation base the Next Year estimated tax payments on what the Next Year tax liability may be to avoid any underpayment penalties next year. The diagnostic will not disappear as long as the tax liability is zero. Informational, will not prevent e-file transmission.
