- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Answers are easy. Questions are hard!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Answers are easy. Questions are hard!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
There was no payment with the extension - simply that the extension was filed on time by someone else - how and where is this noted in ProConnect.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
There is no need to enter it anywhere.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
First entry in Extensions is 1=automatic extension - Put a 1 there and that will do it.
For the amounts paid use a -1 to indicate a zero payment.
Answers are easy. Questions are hard!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
But if there is a balance due, having the extension in the file will change/eliminate late filing/late payment penalty. That is, if the software computes it and if you choose to have it computed. I always indicate if an extension has been filed.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
That makes sense. I guess I never have the program calculate the penalties and interest (I just tell the taxpayer a rough amount, and tell them the IRS will send them a bill).
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I assume you ment if and amount was due on the extension. Extension is an extension of time to file and not to pay,