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Underpayment Penalty

CPA Marty
Level 2

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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3 Comments 3
IRonMaN
Level 15

It doesn't automatically include it?


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CPA Marty
Level 2

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.

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IRonMaN
Level 15

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


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