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Level 3
February 10, 2022
Question

Underpayment Penalty

  • February 10, 2022
  • 1 reply
  • 17 views

How do I get the program to include the underpayment penalty in the electronic payment of balance due with the 1040?

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1 reply

IRonMaN
Level 15
February 10, 2022

It doesn't automatically include it?

Slava Ukraini!
CPA MartyAuthor
Level 3
February 10, 2022

Not on the return I am currently working on. Lacerte did when I used to use it. When I view the Financial Transaction Summary, it indicates that the electronic payment amount does not include the underpayment penalty.

IRonMaN
Level 15
February 10, 2022

That's screwy but I use ProSeries so I can't help you with that one - sorry.

Slava Ukraini!